Unilumin Group expands global reach, updates business scope

Unilumin Group announced a guarantee for its wholly-owned subsidiary, Unilumin Germany GmbH, for contract performance and obligations up to 50,000,000 yuan, valid for one year from the shareholders' meeting approval. This support is crucial for Unilumin Germany GmbH’s daily operations and business expansion. Concurrently, Unilumin Group is revising its business scope to include new activities like advertising production, design, agency, and digital content creation, reflecting its evolving business strategy.

These moves follow recent fulfillments of guarantee responsibilities for customers Jiangxi Jinxin Technology Co., Shandong Wanjia Runtai Electronic Technology Co., and Anhui Heichong Technology Co., totaling 903,300 yuan, 188,800 yuan, and 8,090,000 yuan, respectively. Unilumin Group is actively pursuing recovery of these funds and has set up a new credit guarantee for subsidiaries Shenzhen Ledman Optoelectronics Co., Shenzhen Lampro Technology Co., and Hangzhou Bainian Intelligent Optoelectronics Co.

As of the announcement date, Unilumin Group’s external guarantees (excluding wholly-owned/holding subsidiaries) amount to 249,938,900 yuan, and guarantees for wholly-owned and holding subsidiaries total 875,520,700 yuan. The board of directors approved these strategic adjustments, noting their positive impact on business development and risk control, subject to shareholder approval.