In the evening of June 2^nd, HongliTronic announced to add investment of RMB24m to Guangzhou ZYGY Energy Saving Technology Co., Ltd by buying RMB24m of new registered capital of ZYGY in cash.Now HongliTronic holds 80% of ZYGY’s equity and the added investment is from HongliTronic’s own funds.
 
As of May 31^st, 2012, ZYGY has total asset of RMB4.6891m, net asset of RMB4.6891m and net profit of RMB-139,600. The company didn’t fall into debt and deliver any operating revenue.
 
After the completion of adding investment, ZYGY will meet the requirements of attending the bidding as energy saving service company according to the Implementation Plan of Promoting LED Lighting Products in Guangdong Province.  Therefore, ZYGY can assume LED lighting projects and other LED lighting projects in public lighting area of Guangdong province. This will be conducive to promote LED lighting products of HongliTronic and raise the market share of its LED lighting products.