October 18th , 2008 witnessed the signing of a framework agreement between Shenzhen Han's Laser Technology Co., Ltd and Dongguan Yuming Laser Technology Co., Ltd. Both parties agreed to establish Dongguan Han's Yueming Laser Technology Co., Ltd (short as Han's Yueming Laser) on a joint basis, and the news is to be released officially on
January 1st , 2009.
Through endeavors and supports of top management from both sides, the joint project has seen smooth progress, and such initial procedures as financial auditing, asset evaluation and concrete cooperation approaches drafting, have been accomplished until now.
According to the framework agreement, both parties will work together in the aspect of asset purchase and business operation. Han's-Yueming Laser will purchase all the
assets and business of Dongguan YUEMING, and the latter will grant Han's-Yueming Laser
the right to use YUEMING 's registered brand names. Han's-Yueming Laser will continue
to produce and distribute all the existing products and Han's-Yueming Laser will take
over the current distribution network, and launch new products to meet the ever-increasing market demands based on the actual market circumstances.
Han's-Yueming Laser, through capital expansion and asset re-organization,will gain
a higher starting point. It will carry forward the long-cherished concepts and values
of YUEMING Laser to shoulder more responsibilities under the present gloomy economic
situations, in bid to build a strong and harmonious China.
The newly-founded Han's-Yueming Laser Technology Co., Ltd will be devoted to
technological innovation and industrial development, and to the nation's efforts in
transforming from Made-in-China to Design-in-China. The new Company will keep up
optimizing the relationship with all the original suppliers of YUEMING Laser, to seek
more win-win opportunities for its partners with a global prospect.
After its inauguration, Han's-Yueming Laser Technology Co., Ltd will be able to
offer the customers with more competitive prices, more reliable quality and more
faithful services. Han's-Yueming Laser, under the new leadership of management, will
assume more social responsibilities with a broader vision, to promote social harmony.
Simultaneously, the Company will spare no efforts in boosting industrial cooperation
and accelerating the development of laser technology industry.