On December 21, 2011, Qinshang signed an agreement with Guangzhou Jicai Culture Communication Co., Ltd. on the cooperation of “Xinhua Frequency Media LED Display†project (hereinafter referred to as “Agreementâ€).
According to the agreement, Qinshang is solely responsible for the supply and installation of all “Xinhua Frequency Media†LED display products in Guangdong Province, which is authorized by Jihua Company and authorized by the Xinhua News Agency Guangdong Branch; the total amount of the agreement is about RMB 1.5 billion. The performance period is five years. Ji Cai Company expects to purchase LED display screens from Qinshang Optoelectronics every year for about 300 million yuan. The specific quantity and size are subject to the approval of the local government. The specific product name and its screen specifications and other information are When signing this agreement, both parties shall list them in the annex or confirm the order requirements of each subsequent single screen.
Up to now, the implementation of the agreement has been implemented since January 1, 2012. The application for approval of the display project site selection, screen size and size is still in the initial stage, and most of the approval work is in progress. The first batch of applications was mainly in the Guangzhou area, the second batch was in the Shenzhen area, and finally extended to other parts of Guangdong Province. As of April 6, 2012, the amount of the purchase contract signed by Qinshang and Ji Cai Company was 2.043 million yuan, and the screen area was 102.24 square meters. The company is arranging the corresponding screen production, supply and subsequent installation and commissioning.
Recently, another three applications for screen installations with an area of ​​172.032 square meters, 169.869 square meters and 38.707 square meters have been approved by the local government. After the company and the city management and power related departments have obtained the construction and permanent power approval procedures. , will enter the construction phase, Ji Cai company will also sign the corresponding procurement contract.
At present, Ji Cai Company still has about 20 pieces of screen construction applications totaling about 5,000 square meters. The application has been submitted to the relevant government departments for approval. Once approved, according to the initial agreement between the two parties, the company will receive Ji Cai Company's corresponding display purchase order. The gradual implementation of the above-mentioned screens will have a positive impact on future performance.
According to the agreement, Qinshang is solely responsible for the supply and installation of all “Xinhua Frequency Media†LED display products in Guangdong Province, which is authorized by Jihua Company and authorized by the Xinhua News Agency Guangdong Branch; the total amount of the agreement is about RMB 1.5 billion. The performance period is five years. Ji Cai Company expects to purchase LED display screens from Qinshang Optoelectronics every year for about 300 million yuan. The specific quantity and size are subject to the approval of the local government. The specific product name and its screen specifications and other information are When signing this agreement, both parties shall list them in the annex or confirm the order requirements of each subsequent single screen.
Up to now, the implementation of the agreement has been implemented since January 1, 2012. The application for approval of the display project site selection, screen size and size is still in the initial stage, and most of the approval work is in progress. The first batch of applications was mainly in the Guangzhou area, the second batch was in the Shenzhen area, and finally extended to other parts of Guangdong Province. As of April 6, 2012, the amount of the purchase contract signed by Qinshang and Ji Cai Company was 2.043 million yuan, and the screen area was 102.24 square meters. The company is arranging the corresponding screen production, supply and subsequent installation and commissioning.
Recently, another three applications for screen installations with an area of ​​172.032 square meters, 169.869 square meters and 38.707 square meters have been approved by the local government. After the company and the city management and power related departments have obtained the construction and permanent power approval procedures. , will enter the construction phase, Ji Cai company will also sign the corresponding procurement contract.
At present, Ji Cai Company still has about 20 pieces of screen construction applications totaling about 5,000 square meters. The application has been submitted to the relevant government departments for approval. Once approved, according to the initial agreement between the two parties, the company will receive Ji Cai Company's corresponding display purchase order. The gradual implementation of the above-mentioned screens will have a positive impact on future performance.
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