On March 17, 2012, Yaming Company and Dayou International Optoelectronics, LightingInvestment Ltd. (a wholly-owned subsidiary of Taiwan Jingyuanguang) signed a "joint venture contract" in Shanghai to jointly establish a joint venture company (tentative name: Kunshan Yaming Dayou Optoelectronics Technology Co., Ltd., manufactures HV-LED lighting modules and HV-LED lighting products.
The total investment of the project is RMB 100 million. The registered place is Kunshan City, Jiangsu Province with a registered capital of RMB 60 million. Shanghai Yaming invested RMB 30 million, accounting for 50% of the shares; Dayou International Optoelectronics invested RMB 24 million, accounting for 40% of the registered capital; Lighting Investment Ltd. invested RMB 6 million, accounting for 10% of the registered capital.
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