The Board of Directors of Shanghai Feile Audio reviewed and approved the “Proposal on Establishing a Joint Venture Company of Shanghai Yaming Lighting Co., Ltd. and Taiwan Dayou International Optoelectronics Co., Ltd.”, and the Board of Directors agreed that Shanghai Yaming Lighting will contribute RMB 30 million to Taiwan. A joint venture between Dayou International Optoelectronics and a LED lighting product manufacturing company in Kunshan, Jiangsu.

On March 17, 2012, Yaming Company and Dayou International Optoelectronics, LightingInvestment Ltd. (a wholly-owned subsidiary of Taiwan Jingyuanguang) signed a "joint venture contract" in Shanghai to jointly establish a joint venture company (tentative name: Kunshan Yaming Dayou Optoelectronics Technology Co., Ltd., manufactures HV-LED lighting modules and HV-LED lighting products.

The total investment of the project is RMB 100 million. The registered place is Kunshan City, Jiangsu Province with a registered capital of RMB 60 million. Shanghai Yaming invested RMB 30 million, accounting for 50% of the shares; Dayou International Optoelectronics invested RMB 24 million, accounting for 40% of the registered capital; Lighting Investment Ltd. invested RMB 6 million, accounting for 10% of the registered capital.

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