Wanrun Technology signed two cooperation agreements to accelerate the promotion of LED business

Wanrun Technology (002654) announced on the morning of May 28 that the company recently signed an “Investment Intention Agreement” with Changchun City’s Kuancheng District Government in Changchun City, regarding the company’s investment in the high-speed railway supporting park in the Changchun District Equipment Manufacturing Industrial Development Zone. The matter reached a preliminary intention.

According to the agreement, the Kuancheng District Government agreed to invest in construction projects in the Changchun Equipment Manufacturing Industry Development Zone. It mainly develops, produces and sells LED lighting systems for rail vehicles, LED display systems for rail vehicles, and indoor and outdoor LED lighting fixtures. The Kuancheng District Government provides information consulting services for Wanrun Technology, strives for various government support funds at all levels, and does a good job in reporting and coordinating services for follow-up projects, and assists in handling relevant procedures.

Wanrun Technology said that the signing of the above agreement will help the company to give full play to its technological innovation advantages and brand scale advantages in the LED field, and accelerate the promotion of the company's LED lighting technology, LED display technology and LED indicating technology in the field of rail transit; Open up the LED market with Changchun as the base, radiate the three provinces of East China and North China, expand the scale of the company's operation, and promote the sustainable development of the company's main business.

At the same time, Wanrun Technology also signed the "Strategic Cooperation Agreement" with Changchun Railway Passenger Vehicle Equipment Co., Ltd. ("Long Passenger Equipment") in Changchun City.

The two parties agreed to regard each other as a long-term strategic partner and jointly develop intelligent and related control systems such as automotive LED lighting products, LED display products, LED indicating products, etc., while achieving significant energy saving effects, improving stability, reliability, and reducing maintenance. Enhance the user's best experience of light culture and light environment. At the same time, the two sides are mutually benefiting each other in resource allocation security, and continue to conduct in-depth consultations on the future innovative business cooperation model. Based on the agreement between the two parties, a specific cooperation agreement will be drawn up.

Wanrun Technology said that the company can cooperate with Changke equipment to accelerate the promotion of the company's LED lighting technology, LED display technology and LED indicating technology in rail transit by leveraging the rich customer resources and leading position of the long-distance equipment in the professional field of rail vehicles. The application of the field actively participates in the implementation of the national “Belt and Road” strategy and promotes the sustainable development of the company's main business.

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