Hong Kong plans to acquire the entire issued shares of Haoteng (owned by Yingrui Optoelectronics Technology) to Nice Wisdom. Yingrui Optoelectronics is engaged in the design, research and development of LED and related industry chain. Hao Teng will invest in Yingrui Optoelectronics until it holds no more than 45% stake. In addition, the Company intends to acquire the entire issued shares of the crown and Arbo International, which will hold a 42% stake in Konka Lighting in the future. Konka Lighting focuses on the development of commercial lighting, industrial lighting and public lighting products. The two transactions are pending. The Board believes that the two potential investments will allow the SUMBAO Lighting
to expand its business operations to a number of platforms, including epitaxial wafers and various types of LED lighting technologies. For more information on LED, please click on China LED Network or focus on WeChat public account (cnLED Recessed Spotlightw2013).