Jufei Optoelectronics plans to set up Huizhou LED subsidiary to cost 100 million

Jufei Optoelectronics announced on the evening of March 2nd, on February 28th, 2015, Jufei Optoelectronics and Huizhou Zhongkai High-tech Zone Huinan High-tech Industrial Park Management Committee signed the "Investment Project Management and Service Agreement", on the company in Huinan The Science and Technology Park has established a wholly-owned subsidiary (registered capital of 100 million yuan), and applied for construction land, and reached a cooperation agreement on the business activities of LED product production, research and development, and sales.

Jufei Optoelectronics said that the company is currently in a period of rapid development, but the existing production and operation sites are difficult to meet the needs of the company's subsequent sustained and rapid growth. In order to protect the company's broader development space after two years, considering the tight land use in Shenzhen, the company plans to apply for construction land in Huinan Science and Technology Park. Huinan Science and Technology Park is located in Sandong Town, Huicheng District. It is a national high-tech zone with comprehensive facilities and convenient transportation (50 minutes drive from the company's current registered office). The LED industry is a strategic emerging industry encouraged by the park.

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Radiators in this case are manufactured with Stainless steel (SS304, SS316 and SS316L).
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