On March 8, Liard issued a notice on the acquisition of 100% equity of Hunan Junze Lighting Design Engineering Co., Ltd., which announced that the Junze Lighting Transaction had been completed and officially became a wholly-owned subsidiary of the company. On March 2, 2017, the company and Xinyu High-tech Zone Junchen Investment Management Partnership (Limited Partnership) (hereinafter referred to as Junchen Investment), Xinyu High-tech Zone Junling Investment Management Center (limited partnership) (hereinafter referred to as Junling Investment), Changshazhong Mao Business Consulting Co., Ltd. (hereinafter referred to as Changsha Zhongmao), Xiao Chengjun, Zhou Ling and Junze Lighting jointly signed the Equity Acquisition Agreement. The company acquired a 100% equity interest in Hunan Junze Lighting Design Engineering Co., Ltd. (hereinafter referred to as Junze Lighting or Target Company) held by Junchen Investment and Junling Investment in cash of RMB 248 million (hereinafter referred to as RMB). In the aforementioned equity transfer process, Junchen Investment used all of its equity transfer payments (corresponding to RMB 170 million) to purchase the company's shares in one or more times in the form of block trades or bidding transactions. On March 6, 2017, Junze Lighting has completed the relevant registration procedures for industrial and commercial changes. The Changsha Administration for Industry and Commerce issued a revised “Business License for Enterprise Legal Person” to Junze Lighting. The transaction has been completed, Junze Lighting became a wholly-owned subsidiary of the company. On March 8, 2017, Junchen Investment used all of its equity transfer funds (corresponding to RMB 170 million) for the purchase of Liard shares, and has completed the lock on the shares of China Securities Depository and Clearing Co., Ltd. Comments: Junze Lighting has successfully implemented the Du Fu Jiang Ge, the new provincial government office building in Hunan Province, and the Xiangjiang 1-2 Bridge. Junze Lighting, as the bridgehead for the Liad Group's business in Central China, can significantly increase the market share of Liard's lighting engineering business in Central China, which will help enhance the overall competitiveness of the business segment and further enhance Liad. The revenue scale and net profit level of the lighting business segment. Up to now, Liard has owned five lighting subsidiaries, including Jinda Lighting, Zhongtian Lighting, Purui Lighting, Vanke Times and Junze Lighting, all of which are known for their engineering projects. In the future, in the field of lighting engineering, Liard is expected to achieve great growth.

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