Yuhong invested 10 million US dollars to participate in Gaohui's current increase, holding shares increased to 68.30%

In order to consolidate the LED material source, recently, Shunhong (3031) announced that it will participate in the cash increase of Gaohui, a high-tech company, to obtain a high-end cash dividend of 20%. Yuhong holds Gaohui shares from 47.56% to 68.30% and is formally included in the group's subsidiaries.

Qi Hong pointed out that the increase in Gaohui's shareholding is mainly for the company's vertical integration bureau. The future lighting market will rise, and the demand for LED chips is expected to increase greatly. Gaohui will become a favorable backing for upstream materials.

KoBrite is a joint venture between Shunhong and KOPIN (Gaoping), the world's largest arsenic epitaxial plant. Gaohui's capital increase is to prepare for the expansion of the purchase of the machine.

Qihong is one of the earliest manufacturers of LED streetlights in the LED group. In 2010, it launched the T5, T8 and downlight strips for commercial lighting. With the support of China's energy conservation policy, it is expected that the orders will be optimistic in 2011, estimated 2010. The annual lighting is only 8% of the revenue of the company, and it is expected to challenge 20% in 2011.