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The project includes the capital increase and expansion of the existing business group, the R&D and manufacturing of LED lighting applications such as automotive electronics, street lamps and indoor lighting, and the establishment of the East China Technology R&D Center. At the same time, Lite-On Group also signed a semiconductor lighting deepening strategic agreement with Wujin District. Wujin District will fully utilize the LED street light application technology and excellent products provided by Lite-On Group in the process of urban lighting renovation, and jointly create LED application industry.
According to Song Gongyuan, chairman of Lite-On Group, since the Guangbao East China Operation Center was officially opened in Wujin High-tech Zone in September 2009, sales have increased by 25% to 30% every year, and this year will exceed RMB 6 billion. These are inseparable from the high-quality and efficient services of the governments at all levels in Changzhou. Guangbao Group will make every effort to make the Changzhou project the best and promote mutual benefit and win-win.
Guangbao Group increased its capital in Changzhou, and its upstream supporting enterprise, Jingyuan Optoelectronics, is determined to be more stable in its development. On the afternoon of the 27th, the Changzhou Economic and Trade Delegation came to Jingyuan Optoelectronics Co., Ltd. Fei Gaoyun said that the construction of the modernization demonstration zone in Sunan will bring more opportunities and preferential policies and conditions, hoping to further promote the deepening cooperation between Changtai and Taiwan. He said that Jingyuan Optoelectronics owns the most advanced and core technology of LED products. The Changzhou Economic and Trade Delegation is here to help solve the problems of Jingyuan Optoelectronics in the progress of the regular projects, and the government and enterprises are united to strengthen the Changzhou LED industrial chain.
Li Bingjie, chairman of Jingyuan Optoelectronics, and Zhou Mingjun, president of the company, said that they have made great progress in the investment in the wafer epitaxial wafer and chip manufacturing project in Wujin High-tech Zone in December 2009. They are growing faster and faster, and they will increase equipment in the next step. With the investment in technology, we also hope to cooperate with local enterprises in Changzhou to increase production capacity. 
Lite-On Group signed a contract with Changzhou to increase investment of 450 million US dollars to invest in LED and other projects
In order to expand the scale of development of Guangbao East China Operation Center in regular projects, on July 27th, Taiwan Lite-On Group signed a contract with Changzhou City. On the basis of a total investment of 600 million US dollars in the first phase, it decided to continue to increase the total investment of 450 million in the second phase. The dollar is expanding in the usual production scale. The company plans to complete the second phase of investment in three to five years.