Wanrun Technology (002654) announced on the evening of May 26 that the company signed the “Project Investment Agreement†with Chongqing Fuling District People’s Government in Fuling District of Chongqing Municipality on the same day. The company authorized its wholly-owned subsidiary Shenzhen Rishang Optoelectronic Co., Ltd. in Chongqing. Fuling District invested RMB 100 million to build LED Industrial Park project. At the same time, LED upstream and downstream supporting enterprises will be introduced to create an LED industrial park integrating R&D, production and international and domestic trade.
The announcement pointed out that the overall planned land for the project is to be located in the west of Hefeng Avenue in Fuling New District, north of Juye Avenue, and covers an area of ​​about 100 mu (based on the actual needs of the project). The specific land use location is marked on the land certificate. The four boundaries and area indicated are subject to change. The project is subject to overall planning and phased construction. It is expected to start construction in early 2017 with a construction period of 2 years. The project construction was solved by Shenzhen Rishang Optoelectronics Co., Ltd. by itself.
According to the company, Chongqing is a western core city and is backed by the southwest. It is an important transportation hub in the west, with prominent geographic location advantages. It has outstanding geographical advantages and industrial clustering advantages in the national “Belt and Road†strategy. The LED lighting market has great potential. . The company authorized Shenzhen Rishang Optoelectronics Co., Ltd. to set up a project company in Fuling District, Chongqing, which will help improve the company's regional layout in the LED lighting industry, open up the western LED lighting market, and further enhance the company's LED lighting profitability and comprehensive competitiveness. .
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