Tonight, Sunlord Electronics announced that on November 28 with the Songjiang District People's Government of Shanghai signed the "Shanghai Songjiang District People's Government and Shenzhen Sunlord Electronics Co., Ltd. strategic cooperation framework agreement", the next 10 years to be Songjiang invested RMB 10 billion to build an Asia Pacific headquarters and an advanced manufacturing base to build a new highland in the automotive electronics, fine ceramics, 5G communications and advanced manufacturing of the Internet of Things in the Yangtze River Delta.
The contents of the contract show that Shanghai Songjiang District People's Government will support Sunlord Electronics to build this project in Shanghai's Songjiang District, which will give the project the necessary land for construction and related policies to support the development of the project. In addition, Children enrollment and other aspects to give policy support.
It is learned that the two sides jointly set up a joint working group and prepared the project promotion team according to the actual needs of the cooperation. The promotion team is responsible for agreeing on cooperation items and modes, formulating specific cooperation mechanisms and promoting the implementation of all cooperation items.
Sunlord said the company and Songjiang District People's Government of Shanghai to start strategic cooperation is the company's industrial layout an important part of business, Shanghai Songjiang District People's Government will give the cooperation required for the construction of land and support for the development of the project policy support. In the long run, this cooperation will have a positive impact on the Company's business development and the core competitiveness of its core business, which will be beneficial to the Company in optimizing its industrial structure, enhancing its comprehensive competitiveness and promoting the long-term sustainable development of the Company.
The performance of this strategic cooperation framework agreement does not have a significant impact on the Company's operating results for 2017.