Guoxing Optoelectronics plans to purchase production equipment to expand its scale

Foshan Guoxing Optoelectronics Co., Ltd. (hereinafter referred to as “the company”) held the 22nd extraordinary meeting of the third board of directors on the morning of June 3, and reviewed and approved the “Proposal on the Company's Purchase of Production Equipment”.

The proposal agreed to the company's acquisition of production equipment, amounting to RMB 847,580,800 and US$ 5.71 million to meet the needs of the company's packaging and component expansion projects, to further expand the production scale and to continuously improve the company's production capacity and level. To provide customers with more cost-effective products and services, increase market share and enhance the company's market competitiveness.

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