Alto Electronics' wholly-owned subsidiary joint venture to form a PPP project company

Shenzhen City Alto Electronics Co., Ltd. (hereinafter referred to as "Alto Electronics") wholly-owned subsidiary Shenzhen Qianbaihui Lighting Engineering Co., Ltd. (hereinafter referred to as "Qianbaihui") as a member of the consortium participated in the urban lighting infrastructure construction in Wuhai City And the bidding for the lighting tourism PPP project (hereinafter referred to as “the project” or “PPP project”), and successfully won the bid.

In accordance with the relevant laws and regulations of the project investment construction and the terms of the PPP project framework agreement, in order to ensure the smooth implementation of the PPP project, Qianbaihui and Shanghai Yaming Lighting Co., Ltd. (hereinafter referred to as “Shanghai Yaming”), Inner Mongolia Yellow River Pearl Culture Tourism Industry Investment Co., Ltd. (hereinafter referred to as “Mingzhu Limited”) signed a shareholder agreement to establish a joint venture PPP project company – Inner Mongolia Zhongji Smart City Construction Co., Ltd. (hereinafter referred to as “Project Company”).

Recently, the industrial and commercial registration of the project company has been completed and a business license has been obtained.

According to the announcement, the registered capital of the project company is RMB 10 million; Mingzhu limited capital contribution is RMB 10,000 yuan, holding 20% ​​equity of the project company, Qian Baihui invests RMB 10,000 yuan, and holds 40% of the project company. Equity, Shanghai Yaming invested RMB 10,000 yuan and held 40% equity of the project company.

Mingzhu's limited business scope is: tourism industry investment, tourism product research and development sales.

Shanghai Yaming's business scope is: technology development of lighting electrical products, manufacture of energy-saving lighting, lamp accessories and lamps, sales of lighting appliances, design, installation, commissioning of lighting complete sets of projects, software and systems in the field of intelligent integration Development and technology development, technology transfer, technical consulting, technical services, and provision of self-owned housing equipment rental (excluding financial leasing), lighting equipment sales, warehousing services business and import and export business of goods and technology, contract energy management, corporate management .

Qianbaihui's business scope is: urban and road lighting engineering professional contractor level; lighting engineering design special grade A; construction electromechanical installation engineering professional contractor level; electronic and intelligent engineering professional contractor level; logo design and engineering installation; Landscaping project; contract energy management; technical research and development of lighting fixtures and electronic products; environmental art design; purchase and sale of lamps, lighting equipment, decoration materials, electronic products and other domestic trade (excluding franchise, special control, monopoly goods).

The business scope of the project company is: intelligent management, management and development of infrastructure, real estate, cultural tourism and smart cities.

This time, according to the requirements of relevant laws and regulations for PPP project investment construction and the terms of the PPP project framework agreement, the joint venture project company is the organizational guarantee for the specific implementation and implementation of the PPP project. If the follow-up of the PPP project can be successfully completed, it will have a more positive impact on the company's operating results.


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