Guangdong Xuelaite Optoelectronics Technology Co., Ltd. (hereinafter referred to as “Snowlightâ€) has integrated the advantageous resources, opened up the European and American lighting market, and expanded the scale of overseas sales. It has signed a contract with Shenzhen Yite Optoelectronics Technology Co., Ltd. (hereinafter referred to as “Yite Photoelectricâ€). The "Joint Venture Agreement" is intended to jointly invest in the establishment of a joint venture company, Shenzhen Xuelaite Optoelectronics Technology Co., Ltd.
Yesterday evening, Xue Laite Light announced that recently, the joint venture company completed the relevant procedures for industrial and commercial registration, and received the business license issued by the Shenzhen Municipal Market Supervision Administration.
According to the announcement, the registered capital of the new company is 10 million yuan, of which Snow Wright invests 5.1 million yuan in cash, accounting for 51% of the registered capital; Yite Optoelectronics contributes 4.9 million yuan in cash, accounting for 49% of the registered capital. The business scope of the joint venture company includes: production, research and development and sales of a full range of dedicated devices for LED small pitch; sales of various lighting products and displays.
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