Alto Electronics adds more than 20 million LED lighting projects

Recently, Shenzhen Alto Electronics Co., Ltd. (hereinafter referred to as "Alto Electronics") (002587) issued a notice saying that the board of directors of the company reviewed and approved the use of some over-raised funds of 21,183,600 yuan, and increased its subsidiary Shenzhen Alto Optoelectronics Technology Co., Ltd. (below) Referred to as "Alto Optoelectronics") LED lighting application project.

Among them, RMB 14.0 million was included in the registered capital, and the rest was included in the capital reserve. After the capital increase, the registered capital of Alto Optoelectronics reached RMB 20 million. Recently, Alto Optoelectronics has completed the registration procedures for industrial and commercial changes, and has obtained the Business License for Enterprise Legal Persons renewed by the Shenzhen Municipal Market Supervision Administration.

Previously, Alto Electronics issued two announcements. On November 28th, the company received the “Notice of Finalist” issued by Beijing International Trade Company, which was commissioned by the Bank of China to implement the public selection, and became the “Bank of China LED display, LCD advertising”. Screen entry shortlist supplier open selection project - the second package: LCD advertising screen" one of the three shortlisted suppliers.

On November 30th, the company received the “Notice of Winning Bid” from the Bank of Communications, becoming one of the three winning bidders of the “Lobby Manager Handheld Equipment” project of the Bank of Communications and one of the four winning bidders of the “Smart Queuing Calling Machine” project. Within 30 working days after receiving the "Notice of Winning the Bid", the company will sign a service cooperation agreement with the Bank of Communications.

Since neither project has signed a formal contract, the final contract amount has not yet been determined, so it is impossible to predict the impact of the company's performance.

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