According to the agreement, Anrui Optoelectronics set up a branch office in Chongqing to provide supporting services for Beiqi Yinxiang to produce LED products for automotive lamps and automotive applications. Anrui Optoelectronics Co., Ltd. is equipped with two or more suppliers for the project of Sanan Optoelectronics Beiqi Yinxiang. (Besides the guarantee of quality, delivery and price of Anrui Optoelectronics), Beiqi Yinxiang is committed to Anrui Optoelectronics. The share is not less than 70%.
The company said that the cooperation has further opened up the application channel of Anrui Optoelectronics, which is conducive to accelerating the development of the business, enhancing the core competitiveness of the company and laying the foundation for the subsequent business development.
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