On June 2, Zhaochi announced that the company and its holding subsidiary Shenzhen Zhaochi Lighting Co., Ltd. (hereinafter referred to as “Zhaochi Lightingâ€) intend to cooperate with Evergrande Real Estate Group Co., Ltd. (hereinafter referred to as “Hengda Real Estateâ€). ) and its affiliates form strategic partnerships in real estate projects, strategic acquisitions and other areas.
As we all know, Zhaochi is a smart life product and service provider integrating multimedia audio-visual, communication terminals and Internet entertainment. Hengda Real Estate is a well-known real estate company in China with rich experience in real estate investment. Based on the vision of cooperation and win-win and building a modern and intelligent life, Zhaochi shares cooperation with Evergrande Real Estate.
About real estate project cooperation
Zhaochi Co., Ltd. intends to select high-quality real estate projects in Evergrande Real Estate (hereinafter referred to as “project land parcelsâ€). The designated entities of Zhaochi Co., Ltd. or Zhaochi Co., Ltd. intend to use their own funds to increase capital through the form of equity investment. The equity of a single project company does not exceed 50%, and the total investment of several projects is RMB 2 billion to RMB 4 billion.
About strategic gathering business cooperation
In the process of cooperation, Evergrande Real Estate and its affiliates will prioritize the purchase of Zhaochi Lighting Products from Zhaochi. The procurement scale will be no more than 50% of the total purchases of its similar products (subject to the relevant agreement).
In-depth cooperation on smart products
Zhaochi Co., Ltd. intends to cooperate with Evergrande Real Estate or its affiliates in smart home, intelligent lighting and Internet TV. In the past two years, cities across the country have successively issued “100% fine decoration†policies. In order to comply with the trend of market decoration, Zhaochi actively explores the business development model and aims to promote the development of its main business.
Zhaochi said that it intends to cooperate with Evergrande Real Estate and its affiliated companies to strengthen the complementarity in the market, technology, products and resources, and to implement real estate projects and strategic acquisitions in the country. Establish a strategic partnership of sustainable development, jointly design and build modern smart life scenes and services, and through the integration and synergy of resources, improve economic efficiency and achieve mutual benefit and win-win.
At the same time, the cooperation is also conducive to the overall development of the company's smart TV, smart lighting, smart home networking and other business segments, and further promote the construction of its own brands such as “popular Internet TV†and “Zhaochi Lightingâ€. The market influence of the products greatly enhances the core competitiveness and economic benefits of the company, and promotes the sustainable and healthy development of the company. It is in line with the long-term development strategy of the family entertainment ecosystem and the LED industry chain, which is in the interest of all shareholders.
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