The company said that Tongfang shares held a 51.6% stake in the company through Tsinghua Tongfang Energy Saving Co., Ltd., as the LED lighting business platform under the Tongfang shares, and changed its name to update its corporate image, which is beneficial to carry out related business. Keeping the English name unchanged is conducive to the stability and development of overseas markets.
In addition, the company will change the fiscal year settlement date from March 31 to December 31.
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