On July 29, Yang Rongshan, founder of Proview Group, announced that Proview Group has received investments of more than RMB 100m from several investors outside the main land and will set up a new subsidiary to move into LED lighting and new energies like bio-energy power generation.
 
According to Yang Rongshan, the new company will base on the previous LED production base of Proview in Wuhan and is expected to deliver an annual capacity of 5m units. For the outlook on future profitability, Yang Ronghsan holds that LED lighting has a short investment period and the focus lies in production and marketing. Proview has mainland investors and partners who are more familiar with mainland channels. For overseas channels, the company can cooperate with overseas investors and the wholesale and retail channels of Proview in overseas market will also play a role. Therefore, “conservatively speaking, the company can make profits in one or two quarters”.