Snowlight Optoelectronics plans to invest 10 million to establish a wholly-owned subsidiary

On July 12, Guangdong Xuelaite Optoelectronics announced that, according to the needs of business development, it is planned to invest RMB 10 million in its own funds to set up a wholly-owned subsidiary “Foshan Xuelaite E-Commerce Co., Ltd.” (tentatively, eventually The name of the registration approved by the administrative department shall prevail).

According to the announcement, Shellett is funded by currency, accounting for 100% of the registered capital. The capital contribution comes from the self-raised funds of the enterprise. The subsidiary intends to operate online sales of e-commerce, household appliances, lighting products, lighting appliances, electric light source equipment and electronic accessories, automotive electronic components, air sterilization and purification products and their electronic components (except for the above projects subject to special approval) .

Snow Wright said that the company set up a wholly-owned subsidiary, mainly to promote the company's business development in e-commerce, open up new sales channels, enhance sales capabilities and brand image, and cultivate new products for the company through the operation of the subsidiary. Profit growth point, while enhancing the company's comprehensive competitiveness.

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