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Establishment of Sino-Korean Joint Venture Yongding Wurui Chuangxin Technology Co., Ltd.-Another Layout of Yongding in Wuhan Optics Valley

2019-10-08

On September 23, 2019, at the signing ceremony of the "China Hubei-South Korea Economic and Trade Cooperation Fair" in Seoul, Jiangsu Etern Co., Ltd. On behalf of Li Xin and Li Zaiyin, representative of South Korea WOORIRO Company, formally signed a contract. The two sides decided to establish a joint venture company in Wuhan: Wuhan Yongding Wurui Chuangxin Technology Co., Ltd.

2019Year9Month23Day, in "Hubei, China-At the signing ceremony of the South Korea Economic and Trade Cooperation Fair in Seoul, witnessed by many leaders from China and South Korea, including Vice Governor Zhao Haishan of Hubei Province and Chairman Lu Xionglai of the South Korea Science and Technology Information Communication Commission, Jiangsu Etern Co., Ltd. On behalf of Li Xin and South KoreaWOORRIREThe company's representative Li Zaiyin formally signed the contract, and the two sides decided to establish a joint venture company in Wuhan: Wuhan Yongding Wurui Chuangxin Technology Co., Ltd.

The joint venture company is the third subsidiary of Yongding Optoelectronics in Wuhan. Before that, Yongding Optoelectronics successively established "Wuhan Yongding Optoelectronics Technology Co., Ltd." in Wuhan to develop and produceAWG,FSI, optical switches and other passive device products; "Wuhan Yongding Guangtong Technology Co., Ltd.", research and development, production of various types of optical modules. The establishment of the joint venture is positionedAWGand optical module upstream chip industry research and development.

Yongding andWOORRIRECompany from2018In the middle of the year, the agency cooperation mode has been established to the present joint venture. It can heat up so quickly in such a short time. On the one hand, both sides are optimistic about China.5GThe huge potential of the market, on the other hand, is also supported by the senior management of Yongding shares and from government departments.5GThe vigorous development of the market has brought about increasingly fierce competition. The joint venture company is a microcosm of Yongding's courage to open up the market in multiple dimensions. It is Yongding's lasting belief that all rivers are inclusive and win-win cooperation!