Tech Pro and King Tai Fook Jewelry Signed a Strategic Co-operation Agreement Propelling the LED Lighting Business Development in the PRC Market
- Category: COMPANY NEWS
- Published on Tuesday, 25 March 2014 03:57
- Written by Super User
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An internationally renowned manufacturer and seller of LED lightings products and components, Tech Pro Technology Development Limited (“Tech Pro” or the “Group”, SEHK stock code: 3823) today announced that it had signed a two-year strategic co-operation agreement with King Tai Fook Jewelry Co., LTD (“King Tai Fook Jewelry”), a jewelry retail chain operator in China, to supply quality LED lighting products under its own brand “LEDUS” to King Tai Fook Jewelry.
Pursuant to the agreement, any new stores to be opened or any renovations of the existing stores in the future, Tech Pro’s “LEDUS” LED lightings products are preferred to be used by King Tai Fook Jewelry. King Tai Fook Jewelry is a renowned jewelry retail brand with over 800 retail stores in the PRC, including self-operated stores and franchise stores. A total of 700 stores are planned to be opened and to be renovated in the next two years.
Commenting on the strategic partnership, Mr. Li Wing Sang, Chairman of Tech Pro, said, “Tech Pro always continues with its efforts in developing new quality LED lighting products and enhancing technology development, so as to strengthen its product competitiveness and brand recognition, and actively promoting environmental friendly and energy saving LED lighting products in the PRC and around the world. The signing of the strategic co-operation agreement with King Tai Fook Jewelry is not only a testimony to the quality products of the Group, but also the absolute confidence from customers to the Group. We expect that with the extensive sales and marketing network of King Tai Fook Jewelry, it will further propel the Group’s development of LED lighting business and market expansion in the PRC.”
“Looking ahead, we will further enhance our R&D capability and also look for opportunities in the high growth LED lighting industry, exploring the retail markets of ‘LEDUS’ brand in the PRC, Hong Kong and overseas to further increase our sales as well as maximizing shareholder returns”, Mr. Li concluded.