The purpose of Wanbao Changrui's investment in Jin Ming

Wanbao Changrui's investment in Jin Ming is based on the high recognition of Jin Ming Seiki's main business, development strategy and future value. We are optimistic about the development prospects of listed companies in smart film equipment, smart factories and related industries. The transfer of some shares of the listed company through this agreement can provide all-round support for the business development of the listed company and play a synergistic effect. The collaboration between Jin Ming Seiki and Wanbao Group may not be limited to the industry, but also includes the collaboration at the capital level.

Brief introduction of wanbao group

Wanbao Group is one of the large modern enterprises in China. The actual controller is Guangzhou Municipal People's Government. It is the earliest and largest R&D and manufacturing center of refrigeration equipment and compressors for household appliances in China. At present, it has developed into a comprehensive enterprise group integrating refrigerator, air conditioner, small household appliances, new energy, trade, investment and other industries. In 20 18, it ranked first among the top 500 Chinese enterprises with revenue of 3451900 million yuan.