Linyang Electronics Subsidiary won the bid for 46.15 million yuan LED street light project

Lin Yang Electronics (601222) announced on the evening of May 22 that Jiangsu Linyang Lighting Technology Co., Ltd., a wholly-owned subsidiary of the company, recently won the bid for “Lighting Project of Qidong Section of Linhai High-grade Highway” and “Rongping Town of Qidong City” in 2014. The road lighting project and the “2014 Rural Road Lighting Project in Donghai Town of Qidong City” won a total bid of about 461.58 million yuan.

According to reports, the lighting project of the Qidong section of the high-grade highway in Linhai is about 34.28 million yuan; the rural road lighting project of Huiping Town of Qidong City includes about 5,000 sets of street lamps for purchase, installation, commissioning and warranty, etc. 10,000 yuan; Donghai Town, Qidong City, 2014 rural road lighting project includes about 6000 sets of street lamps for rural road procurement, installation, commissioning, warranty, etc., amounting to about 640.80 million yuan.

Lin Yang Electronics said that the above bid will help to further enhance the company's market share in the field of LED lighting. The performance of the winning bid will have a positive impact on the company's business operations and operating results, but will not affect the company's business and business independence.

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