Overband 3 Invested About 300 Million Yuan In The Construction Of LED Environmental Protection And Energy-saving Smart City Project

- Sep 07, 2018-

  Yesterday (6) on the evening of overclocking three announcement, in order to meet the needs of the rapid development of business, friendly consultation by both parties, the company intends to jingmen, hubei province people's government (hereinafter referred to as the "people's government of jingmen") signed a contract that LED environmental protection and energy saving project investment wisdom city in jingmen high-tech zone, investment and construction of environmental protection and energy saving LED Duo knife wisdom city project, the project's first phase investment is expected to 300 million yuan.

  According to the announcement, the implementation subject of the investment project is China investment consulting co., LTD (or its affiliated companies) and shenzhen overband technology co., LTD jointly invested to set up the smart city industrial investment mother fund.And at the location of the project invested by the parent fund project funds, through the fund investment to establish a project company, and by the project company as jingmen high-tech zone, investment and construction of environmental protection and energy saving LED Duo knife wisdom city project implementation main body, and enjoy the rights and obligations under this agreement, the specific mother fund and the fund and the issues relating to the project company set up the contract contents shall be separately signed by all parties, etc.

The signing of this agreement is in line with the company's future strategic development plan. If both parties carry out specific project cooperation according to the scope of this agreement, it will have a positive impact on the company's future performance.

  By entering into the construction of smart lighting and smart city and exploring business models that can be replicated in other regions, the company drives the sales of LED lighting products and expands its main business.It will also contribute to the expansion of the company's LED lighting business chain, enhance the company's competitiveness and industrial influence, achieve the company's sustainable and stable development, meet the company's strategic development needs, and be conducive to the company's long-term development.