Wanrun Technology plans to set up a Hubei subsidiary with RMB 30 million to increase the market share of LED products

The company stated that based on the current development status of the LED industry, future development trends and the company's development strategy, the company invested and established a wholly-owned subsidiary in Xiantao City, Hubei Province with its own funds, which will help expand the company's business scale, improve the company's industrial layout and regional layout, enhance the market share and popularity of the company's LED products, cultivate new profit growth areas for the company, enhance the company's comprehensive competitiveness and profitability in the domestic market, and then promote the realization of the company's development strategy.