Shenzhen EXC-LED Technology Co Ltd was listed successfully

On July 17, 2020, the application of Shenzhen EXC-LED Technology Co., Ltd. ("EXC-LED") for its initial public offering of A-shares was approved at the 4th meeting of 2020 of the GEM IPO Committee of Shenzhen Stock Exchange. (www.dehenglaw.com)

EXC-LED (Stock Code: 300889) will land on the ChiNext board on September 16, 2020. EXC-LED is publicly offering 39 million shares, including 39 million IPO shares offered at 27.97 yuan per share and raising funds of 1,091 million yuan. The post-public-offering share capital of EXC-LED is 156 million in total. Shenzhen EXC-LED technology Co., Ltd. principally engages in research and development, production and sale of landscape lighting intelligent control systems and LED landscape lighting lamps. In 2019, its operating income reached 1,129 million yuan with the net profit of 136.5598 million yuan. (www.szse.cn)