Jiawei Co., Ltd. plans to acquire 100% equity of Zhongshan Pinshang Lighting for 122.5 million yuan

Jiawei Co., Ltd. stated that the transfer of the entire equity of Pinshang Lighting is an important part of the company's strategy to develop the domestic market. Through this acquisition, the company will quickly enter the domestic lighting market with huge market capacity. The company's domestic market sales will increase rapidly, which will reduce the risk of the company's excessive overseas market share to a certain extent. At the same time, because the company has good advantages in research and development, product quality, talent mechanism, etc., the company and Pinshang Lighting will have a strong synergy in business, and the company's profitability will continue to improve. Jiawei Co., Ltd. stated in the announcement that in the future, Pinshang Lighting, as the company's wholly-owned subsidiary and main sub-brand, will accelerate its development after the listed company continues to invest superior resources. The company is committed to building Pinshang Lighting into a first-class brand in the domestic commercial lighting field.