Hongli Optoelectronics: Completed business registration for wholly-owned subsidiaries

Hongli Optoelectronics (300219) announced on September 12 that Hongli Optoelectronics held the 16th meeting of the second board of directors on September 5, 2014, and reviewed and approved the “Proposal on Establishing a wholly-owned Subsidiary in Jiangxi Province”. The board of directors of the company agreed that the company will use its own funds of RMB 100 million to set up a wholly-owned subsidiary “Jiangxi Hongli Photoelectric Co., Ltd.” in Nanchang City, Jiangxi Province.

Recently, Jiangxi Hongli has completed the industrial and commercial registration procedures and obtained the Business License issued by the Nanchang Administration for Industry and Commerce.

At the end of the 1940s, the first semiconductor triode was born in the world. With its characteristics of small size, light weight, power saving, and long life, it was quickly used by various countries and replaced electronic tubes in a large range. In the late 1950s, the first integrated circuit appeared in the world. It integrated many electronic components such as transistors on a silicon chip, making electronic products smaller. Integrated circuits have rapidly developed from small-scale integrated circuits to large-scale integrated circuits and ultra-large-scale integrated circuits, thereby enabling electronic products to develop in the direction of high efficiency, low consumption, high accuracy, high stability, and intelligence.

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