Aoto Electronics Pours Over 20 Million Yuan into LED Lighting Project

　　Recently, Shenzhen Aoto Electronics Co., Ltd. (hereinafter referred to as "Aoto Electronics") (002587) announced that its board of directors approved the use of RMB 21.1836 million from part of the over-raised funds to increase capital in its subsidiary Shenzhen Aoto Optoelectronics Technology Co., Ltd. (hereinafter referred to as "Aoto Optoelectronics") for the LED lighting application project.

　　Of this amount, RMB 14 million was recorded as registered capital, with the remainder recorded in capital reserves. After the capital increase, the registered capital of Aoto Optoelectronics reached RMB 20 million. Recently, Aoto Optoelectronics has completed the industrial and commercial change registration procedures and obtained the "Business License of Enterprise Legal Person" reissued by the Shenzhen Municipal Market Supervision Administration.

　　Previously, Aoto Electronics issued two announcements stating that on November 28, the company received the "Notice of Shortlisting" from Beijing International Trade Company, which was entrusted by the Bank of China to conduct the public selection, becoming one of the three shortlisted suppliers for the "Bank of China LED Display Screen, LCD Advertising Screen Shortlisted Supplier Public Selection Project - Package 2: LCD Advertising Screen".

　　On November 30, the Company received the "Bid Winning Notice" from Bank of Communications, becoming one of the three winning bidders for Bank of Communications' "Lobby Manager Handheld Device" project and one of the four winning bidders for the "Intelligent Queuing and Calling Machine" project. Within 30 working days after receiving the "Bid Winning Notice", the Company will enter into the relevant service cooperation agreement with Bank of Communications.

　　As formal contracts have not been signed for either project, the final contract amounts have not yet been determined, and therefore the impact on the Company's performance cannot be estimated.