Shanghai Ruifeng was established in 2012, the scope of business includes the development, manufacturing, processing, sales of electronic products, light-emitting diodes, semiconductor lighting manufacturing, processing, import and export of goods and technology.
According to the disclosure, according to the "Asset Assessment Report" and in view of the fact that Shanghai Ruifeng approved the distribution of profit of RMB 13,049,574.85 in January 2018 after a meeting of shareholders, the parties agreed to transfer 100% of Shanghai Ruifeng's shares to RMB 250,000,000. To Mr. Sun Xiangdong.
Ruifeng Optoelectronics stated that the company is gradually concentrating its major production bases in Yiwu, Zhejiang and Shenzhen. The proposed sale of Shanghai Ruifeng’s shares is a reasonable arrangement for optimizing the organizational structure and accelerating the integration of the company’s products and resources to match the long-term development of the company. planning.