On March 28, 2017, the company entered into a sale and purchase agreement with the purchaser, pursuant to which the company agreed to sell the entire issued share capital and sales loan of Ace Winner Holdings Limited for HK$50 million.
The announcement shows that Ace Winner Holdings Limited is wholly-owned by the company. The Company is a subsidiary of the Company, Jiangsu Wenrun Optoelectronics Co., Ltd., which is indirectly owned by Ace Winner Holdings Limited and is principally engaged in the design and production of LED products and semiconductor lighting related products.
In addition, the Purchaser is a limited company incorporated in the British Virgin Islands.
The Group is principally engaged in the development and operation of integrated leisure and entertainment resorts (integrated resort development); clubs and entertainment facilities (gaming business); property development; and design and production of light-emitting diode (LED) and semiconductor lighting related products (lighting business).
The company stated that the Disposal will help the Group to allocate resources to its existing businesses (especially integrated resort development) and other potential investments in line with the Group's long-term business strategy, and to minimize the Group's downturn in the LED lighting industry. Market risk.

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Insulation Resistance: 1000M ohms min
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