Xuelaite's 10.86 million capital increase in shares of Yike Optoelectronics won 57.42% stake

Snow Wright (002076) announced on the evening of September 15 that on the 14th, the company signed a capital increase agreement with Li Bin and Lai Yizhen, two shareholders of Shenzhen Yike Optoelectronic Technology Co., Ltd. (referred to as “Yike Optoelectronics”). The company plans to invest 10.856 million yuan. Yuan, obtained 57.42% equity of Yike Optoelectronics in the form of capital increase and shareholding. After the capital increase was completed, the registered capital of Yike Optoelectronics was changed from RMB 500,000 to RMB 1,174,300.

Yike Optoelectronics Co., Ltd. is a company specializing in R&D, design, production and sales of automotive LED lighting products. Shell Wright said that the investment will further expand the close cooperation between the company and Yike Optoelectronics, which will help the company to rapidly promote and sell automotive LED lighting products nationwide, and realize the company's two "automotive xenon lamps and automotive LED lighting". Product line operations to further expand sales and seize a larger market share.

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