The announcement shows that the cooperation period between the two parties is 5 years. Guangri shares provide quality standard products and related technical support and assistance to GALAXY SONIC of Thailand. Thailand GALAXY SONIC is fully responsible for the distribution work of the region, and actively develops customer networks and resources. Maintain and establish Party A's brand and market image. During the term of this agreement, the first year of contract signing, the annual sales of the proposed product will reach RMB 12.5 million.
It is reported that the company's subsidiary Guangri Electric entered the LED field in 2008, and first applied to elevator car lighting to achieve sales with elevators. As of the first half of the year, the company's LED business achieved operating income of 26.19 million yuan, an increase of 230%. At present, the company has a large domestic reserve, with Liupanshui project, Yangjiang municipal government strategic cooperation project and Gansu expressway project. With the cooperation with Thailand GALAXY SONIC, it will help the company to open the international LED market.
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