Company Profile of Xiangneng Hualei Optoelectronics Co., Ltd.

Xiangneng Hualei Optoelectronics Co., Ltd. was registered and established on June 26, 2008. It is located in the Nonferrous Metals Industrial Park in Chenzhou City, Hunan Province. It mainly operates light-emitting diode (LED) epitaxial material products, chip devices, Production of LED packaging and related application products and sales of self-produced products, undertaking LED lighting projects and providing related technical consultation and energy-saving services. The company is a state-controlled joint-stock company with a registered capital of 369 million yuan, of which Hunan Coal Industry Group Co., Ltd. holds 53.12%, Beijing Xinhualian Industrial Investment Co., Ltd. holds 13.52%, Beijing Ruihua Jingfeng Investment Center holds 10.82%, and Xinliyi holds 10.82%. Group Co., Ltd. accounted for 8.11, Xiangjiang Industrial Investment Co., Ltd. accounted for 7.58, Xiamen Laerfu Trading Co., Ltd. accounted for 4.06, Chenzhou Huachuang Investment Co., Ltd. accounted for 1.56, and Chenzhou Huachen Technology Co., Ltd. accounted for 1.23. The company currently has nearly 1,000 employees, including 6 with doctorates, 50 with master's degrees, 150 with bachelor's degrees, and 200 with college degrees. Those with master's degrees or above account for 6.5 of the total employees, and nearly 50 employees have college degrees or above.

The LED industrialization project is a strategic emerging industry project that the country encourages the development of. It is a high-threshold industry with high technology content, high capital investment, and high personnel quality. The company attaches great importance to technological innovation and industrialization promotion. In March 2009, it signed a "Strategic Cooperation Agreement" with the Institute of Semiconductors of the Chinese Academy of Sciences to cooperate in industry, academia and research. The company has applied for 28 national patents, 5 of which have been authorized and 11 have entered substantive review. The company has established the Hunan Province LED Engineering Technology Research Center, which has been listed as a key listed reserve enterprise in Hunan Province, one of the top 100 enterprises in strategic emerging industries in Hunan Province, a "Double Hundred" engineering enterprise in Hunan Province, a high-tech enterprise in Hunan Province, and a new type enterprise in Hunan Province. As a key enterprise in industrialization, reports from domestic authoritative organizations show that Hualei Optoelectronics has jumped into the forefront of the domestic LED industry. The company has invested RMB 1.3 billion to form a production scale with 32 blue-green MOCVD units and an annual production capacity of 1.2 million GaN-based epitaxial and supporting chips.