Huati signs contracts with Zhangjiakou Municipal Group and others; Leyard signs cooperation agreement with Suzhou Keda; Jinlait subsidiary wins bid for a project worth 133 million yuan

Accelerating the deployment of smart streetlights, Huati Technology signs agreements with Zhangjiakou Municipal Group and others

On May 10, Liang Xi, Chairman and President of Huati Technology, Liu Yuan, Chairman of Zhangjiakou Municipal Group, and Wei Xiaoruo, General Manager of Hebei Maikang Communication Development Co., Ltd., jointly signed the "Investment Agreement" in Zhangjiakou City.

According to the project agreement, the planned total investment for this project is RMB 100 million. A new joint venture company will be established for cooperative operation, with a registered capital of RMB 30 million and independent legal person status. Zhangjiakou Yicai Lighting Co., Ltd., a wholly-owned subsidiary of Zhangjiakou Municipal Group, holds a 40% stake; Huati Technology holds a 39% stake; and Hebei Maikang Communication Development Co., Ltd. holds a 21% stake.

The new company plans to enter the digital economy city construction of Zhangjiakou, Shijiazhuang and other cities with smart streetlights. By seizing the three major historical opportunities of coordinated development of the Beijing-Tianjin-Hebei region, joint hosting of the Winter Olympics by Beijing and Zhangjiakou, and building a national renewable energy demonstration zone, it aims to establish a marketing network centered on Zhangjiakou and Shijiazhuang, radiating to Beijing, Tianjin, Hebei, Inner Mongolia, Shanxi and other regions.

The signing of this investment agreement marks a positive start to the collaboration between Huati Technology and the Zhangjiakou Municipal Government. Huati Technology will take this as a starting point to actively cooperate with the government in cultivating new businesses and scenarios for smart cities, play a leading role in exploring new processes, materials, and technologies, and strive to build the new company into a main force for expanding into the Central Plains Urban Agglomeration market, jointly promoting high-quality economic development in Zhangjiakou.

It is estimated that the smart streetlight market remains substantial. The market size for smart streetlights in Zhangjiakou and surrounding cities covered by this agreement exceeds RMB 20 billion, with the overall domestic market expected to approach RMB 1 trillion.

Seizing the opportunity, Huati Technology began its low-key layout early on, successively carrying out city-level smart streetlight construction and O&M projects in Lijiang (Yunnan), Shuangliu (Chengdu), Meishan Tianfu New Area, Renshou County, Xichang City, Qingdao, Bengbu, and other regions. Moving forward steadily, Huati Technology has also actively expanded its urban presence by establishing joint ventures with local state-owned enterprises to build and operate urban smart furniture, smart streetlights, and other equipment.

Prior to this, Huati Technology had promoted the establishment of four smart city (pole) platform companies to operate smart streetlight projects, namely Huantian Smart, Hengji Huati, Konggang Smart, and Huaxin Smart, effectively supporting the construction of smart cities in different regions and the development of 5G.

Leyard and Suzhou Keda Sign Strategic Cooperation Agreement

On May 12, Leyard and Suzhou Keda (stock code: 603660) officially reached a strategic cooperation agreement. Both parties will leverage their respective advantages in technology, products, and markets to jointly deepen business expansion in areas such as "Smart Cities, Smart Education, and Smart Offices." Li Jun, Chairman and President of Leyard Group, and Chen Donggen, Chairman of Suzhou Keda, signed the strategic cooperation agreement on behalf of both parties.

Keda is a leading supplier of video communication products and video information services, with significant advantages in brand, technology, and market presence in the fields of video surveillance and video conferencing. As a leading enterprise in the LED display sector, Leyard has deep expertise in original LED fine-pitch technology and Micro LED display technology, ranking among the global leaders.

As upstream and downstream enterprises in the intelligent display industry supply chain, both parties will actively leverage complementary advantages by establishing a high-tech talent exchange mechanism, conducting joint R&D, and promoting collaborative innovation. Against the backdrop of new major opportunities in the ultra-high-definition video industry, both parties will be market-oriented and user-centric, working together to expand more visualization application scenarios for industry customers and inject new vitality into the display market.

During the exchange, Chairman Li Jun stated that in recent years, digital transformation and intelligent upgrades have been elevated to unprecedented heights. With booming demand in the smart display industry, and leveraging Leyard's technological innovation and Keda's extensive customer base, both parties will create a new highland of audio-visual experiences for government agencies and enterprises.

The strategic cooperation between Leyard and Keda will, on one hand, transform the response model to existing market demands—replacing the original vertical industry innovation supply chain support model with a horizontal, flat innovation supply chain support model; on the other hand, it will further deepen the integration of the display supply chain, thereby helping to promote national smart city construction and industry digital transformation.

Jinlait subsidiary wins bid worth 133 million yuan for air purification equipment and other projects

On May 13, Kinlite announced that its wholly-owned subsidiary, Guohai Construction Co., Ltd. (hereinafter referred to as "Guohai Construction"), won the bid for an air purification equipment and environmental protection filling material project worth approximately RMB 133 million.

The announcement shows that Guohai Construction recently received the "Notice of Award" delivered by Aiyixi (China) Environmental Protection Technology Co., Ltd., confirming it as the winning bidder for the "Aiyixi (China) Environmental Protection Technology Co., Ltd. annual production line project of 5,000 air purification devices and 5,000 tons of environmental protection filling materials" (hereinafter referred to as the "Aiyixi Project").

The tendering entity for the IEC project is IEC (China) Environmental Protection Technology Co., Ltd. The total project amount is RMB 132,556,650.28 (subject to the final contract amount). The construction site is located at Shidai Avenue, Quanshan Economic Development Zone, Xuzhou City, Jiangsu Province. The project duration is 360 calendar days (subject to the final contract duration).

Jinlaitai stated that the winning bid and implementation of the project will increase the company's proportion in the construction industry. The total project amount is approximately RMB 133 million, accounting for 12.17% of the company's audited revenue for 2020. After signing the formal contract for the winning project and implementing it smoothly, it is expected to have a certain positive impact on the company's future operating performance.