“G20-LED Summit Member Enterprise†Hongli Optoelectronics signed the “Strategic Cooperation Agreement†with Sanan Optoelectronics Co., Ltd. on June 24, 2014. Agreement: The strategic cooperation period is three years. During the first year of the agreement period, from April 2014 to April 2015, the company purchased LED chips from Sanan Optoelectronics, amounting to approximately RMB 280 million (with the market). Changes in circumstances, the amount of change is ±15%). The purchase variety and amount for the next two years of the agreement period will be negotiated separately by the parties in December of the previous year and signed by a written supplemental agreement.
In terms of strategic cooperation, this time, based on the procurement and supply of LED chip projects, the two sides will establish a monthly regular communication mechanism for senior management personnel to implement, monitor and promote the smooth development of strategic cooperation. The cooperation between the two parties is not exclusive. At the same time, similar partnerships can be established with other parties.
Specifically, Sanan Optoelectronics provides products to Hongli Optoelectronics, and provides the use guidance, technical support and after-sales service required by Hongli Optoelectronics; Sanan Optoelectronics should promptly feedback to Hongli Optoelectronics the market dynamic information that has been mastered, including Not limited to other brand products, newly developed products, product price information, technical information, etc. Hongli Optoelectronics should actively adopt the newly developed products of the company, and provide new product data and test reports to Sanan Optoelectronics, and cooperate with the company to test and improve the products; Hongli Optoelectronics will submit product demand forecasts to Gongsan Optoelectronics on a quarterly basis. And to submit a product demand plan to Sanan Optoelectronics on a monthly basis.
Hongli Optoelectronics said that through this strategic cooperation, the company and Sanan Optoelectronics to establish a strategic partnership, which is conducive to the stability of the company's main raw material LED chip supply, reduce production costs.
In terms of strategic cooperation, this time, based on the procurement and supply of LED chip projects, the two sides will establish a monthly regular communication mechanism for senior management personnel to implement, monitor and promote the smooth development of strategic cooperation. The cooperation between the two parties is not exclusive. At the same time, similar partnerships can be established with other parties.
Specifically, Sanan Optoelectronics provides products to Hongli Optoelectronics, and provides the use guidance, technical support and after-sales service required by Hongli Optoelectronics; Sanan Optoelectronics should promptly feedback to Hongli Optoelectronics the market dynamic information that has been mastered, including Not limited to other brand products, newly developed products, product price information, technical information, etc. Hongli Optoelectronics should actively adopt the newly developed products of the company, and provide new product data and test reports to Sanan Optoelectronics, and cooperate with the company to test and improve the products; Hongli Optoelectronics will submit product demand forecasts to Gongsan Optoelectronics on a quarterly basis. And to submit a product demand plan to Sanan Optoelectronics on a monthly basis.
Hongli Optoelectronics said that through this strategic cooperation, the company and Sanan Optoelectronics to establish a strategic partnership, which is conducive to the stability of the company's main raw material LED chip supply, reduce production costs.
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