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Ltech Technology announcement raise fund 30 million RMB input in R&D, business expansion and M&A

Aug 26, 2016

Zhuhai Ltech Technology Co., Ltd. (Stock Code: 832110) issued 3 million shares in National Equities Exchange and Quotations which are limited stake sale condition stocks with raising 30 million fund. The fund will input in R&D, business expansion, M&A, marketing, build up R&D basement and enterprise technology center.

The quantity of stock shares is 3 million ,each stock is 10RMB, raising 30 million.

At that time, LTECH estimated the net profit from Feb-Jun,2016 of its public company share holders is 1.1 million to 1.3 million, which increased 80% to 110% compared with the same period.

LTECH said the whole company used marketing expansion increased its popularity as well as influence. The increased market sales counted on actively cooperation with domestic and oversea big companies.

At the same time, with improved R&D ability and integration of upstream and downstream industry chain,LTECH become more and more stronger at intelligent lighting field with increased market shares.

With integration of upstream and downstream industry chain since last Dec, LTECH built up 3 branch companies: LTSYS, XIAOLEI,LTECH lighting. Since purchased Jiangmen Potop Inc.at Jan,2016, LTECH finished the construction of the whole industry chain of intelligent power supply, intelligent lighting control, smart home and lighting products.

A series successful operation of the whole industry chain made LTECH won award “2015-2016 The Most Growth Enterprise Award”from GGII .

LTECH set up at Sep.25th,2003, which devoted in developing , manufacturing and selling Intelligent lighting control products, included LED intelligent lighting solution, control technology research, IEEE software design and development,mobile control software design and development and ect.