Liard and Chengjia Information Joint Venture to Establish Cultural Leasing Company

Recently, Liard announced that the company’s wholly-owned subsidiary, Beijing Liede Investment Co., Ltd. (hereinafter referred to as “Liad Investment”) and Shanghai Chengjia Information Technology Co., Ltd. (hereinafter referred to as “Shenjia Information”) The actual controllers Tang Xinman, Liu Jian and Chen Chi signed the "Joint Venture Agreement" and fitted the Shanghai Huiyi Cultural Leasing Co., Ltd. (hereinafter referred to as "joint venture company").

According to the agreement, the registered capital of the joint venture company is 2 million yuan (the specific amount is subject to the actual amount approved by the relevant competent authority), and Liard Investment subscribes for the registered capital of the joint venture company of 800,000 yuan with cash of 5 million yuan, and the remaining 4.2 million yuan Capital reserve fund of the joint venture company, accounting for 40% of the total capital contribution; Chengjia Information subscribed for 900,000 yuan of registered capital of the joint venture company with cash of 900,000 yuan, accounting for 45% of the total capital contribution; Tang Xinman, Liu Jian, Chen Chi proposed to set up The company subscribed for 300,000 yuan of registered capital of the joint venture company with a cash of 300,000 yuan, accounting for 15% of the total capital contribution.

The business scope of the joint venture company to apply for, including sales, rental display products, lighting products, electronic identification products, information display management systems, software products, integrated circuit products and technical consulting services; computer software development; business consulting; information consulting; hotel management (Subject to the business scope approved by the industrial and commercial registration authority).

Liard said that the Liard and Chengjia information entered the leasing and operation business of LED equipment in the hotel industry through the establishment of a joint venture. Chengjia Information provides the hotel with a wealth of hotel resources and hotel customers. Liard provides competitive LED display products to the joint venture company. The two sides have joined forces to further promote the LED screen coverage of the hotel market and help the hotel industry to enhance its service competitiveness.

At the same time, the company emphasized that this cooperation is also an attempt by Liard to use the Internet online platform to innovate the business model. Liard will give full play to the advantages of small-pitch products and combine the scale advantages of the Internet with the platform of Chengjia Information. Applying the advantages and opening up a new blue ocean for small-pitch business.


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