Hongli Optoelectronics confirmed the bid for Guangzhou Huadu LED Lighting Reconstruction Project

On January 28th, “ G20-LED Summit Member Enterprise” Guangzhou Hongli Optoelectronics announced that on January 26th, the company received the “Western District of Guangzhou City Huadu District Municipal Road LED Lighting Energy-saving Reconstruction EMC Model Purchasing Project” No.: TPA [2013]-ZB/C2-058) "Notice of winning the bid". The project was reviewed and recommended by the judging panel to determine the company as the winning bidder. The project investment return period is 6 years.

The total estimated energy saving income of the project is 42.42 million yuan, accounting for 8.00% of the company's 2012 audited consolidated financial statements. The energy saving revenue is shared by the company and the wholly-owned subsidiary Zhongyinggongyuan.

It is reported that Guangzhou Hongli Optoelectronics Co., Ltd. disclosed the “Prompt Announcement on the Pre-Bid-winning of Projects” (Announcement No.: 2014-002) on January 10, 2014, prompting the company and its wholly-owned subsidiary Guangzhou Zhongying Yuan Energy Saving Technology Co., Ltd. (hereinafter referred to as “Heavy Gongyuan”) is the pre-winning unit of the “Western District” of the “Guangzhou Huadu District Municipal Road LED Lighting Energy Saving Reform EMC Model Purchasing Project”.

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