Yongding Communications Capital Increase and Share Expansion Signing Ceremony Held Successfully
2022-03-09
On March 8, the signing ceremony of capital increase and share expansion between Yongding Communication and Guangrun Industry was successfully held in Yongding Headquarters Building. Cui Yibin, chairman of Guangrun Industry, and his party, Cai Yuan, executive director and president of Yongding Group, Zhang Gongjun, chairman of the board of supervisors of Yongding Group, Jiang Guoying, assistant president of Yongding Group, and heads of related industries attended the signing ceremony.
On March 8, the signing ceremony of capital increase and share expansion between Yongding Communication and Guangrun Industry was successfully held in Yongding Headquarters Building. Cui Yibin, chairman of Guangrun Industry, and his party, Cai Yuan, executive director and president of Yongding Group, Zhang Gongjun, chairman of the board of supervisors of Yongding Group, Jiang Guoying, supervisor of Yongding Group, and heads of related industries attended the signing ceremony.
Guangrun Industrial to tens of millions of yuan in cash to increase the capital of Jiangsu Yongding Communications Co., Ltd., this round of capital injection will be mainly used for Yongding Communications multi-mode fusion 5G communication equipment research and development and production base construction, will lay a solid foundation for the long-term development of Yongding Communications.
Cai Yuan, Executive Director and President of Yongding Group, delivered a speech on behalf of Yongding Group and Yongding Communications. He said that Yongding Group has been continuously researching and developing in the 5G communication sector for nearly ten years, and has formed nearly 60 invention patents and software copyrights, occupying a certain proportion of market coverage, and has a new generation of wireless communication coverage products and a new generation of wired broadband Access products, a solid development foundation and competitiveness of a new generation of IoT communication module products. The investment of Guangrun industry has brought new development opportunities for Yongding communication. It is hoped that both sides can take this cooperation as an opportunity to achieve common development. Yongding people will continue to uphold the spirit of "carrying the letter with sincerity, never ending", strive to make Yongding Communications bigger and stronger, repay shareholders with excellent results, and realize the maximum appreciation of shareholders' rights and interests.
Cui Yibin, chairman of Guangrun Industry, said that the two sides had contacted each other many times before and had a deep understanding of each other. The spirit of Yongding people's perseverance, persistence in industry and innovation is touching. Guangrun Industrial has full confidence in Yongding Communication and is willing to contribute to the development of Yongding Communication.
Subsequently, the two parties held a signing ceremony. Cui Yibin, Chairman of Guangrun Industry, and Cai Yuan, Executive Director and President of Yongding Group, formally signed the transaction documents on behalf of both parties. Guangrun Industrial Shen Zhixiang, Tong Shuanghua, Yongding Group Supervisor Zhang Gongjun, Yongding Group Supervisor Jiang Guoying witnessed the signing.
Introduction to Yongding Communication
Jiangsu Yongding Communication Co., Ltd. was established on March 17, 2014 with a registered capital of 156.5179 million billion yuan and is a 100-percent holding subsidiary of Yongding Group Co., Ltd.
Yongding Communications has invested more than 0.2 billion yuan in research and development, accounting for more than 30% of sales revenue each year. Yongding Communications has R & D centers in Beijing, Shanghai and Suzhou, and has a group of industry technology leaders and stable technology R & D teams. After 8 years of accumulation, it has more than 50 invention patents, and it is expected that 100 patents and copyrights will be formed by the end of 2022.
Yongding Communications has long focused on the communication access industry, the company has three product lines: public network wireless communication access equipment product line, private network wireless communication access equipment product line, wired broadband access product line. The main products are 5G digital repeater, 5G fiber distribution system, 5G small base station, private network wireless access equipment series, XPON technology-based I-PON, GPON-C products and other equipment and supporting software system research and development, production, with the whole industry chain and series of products.
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