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The subsidiary's business scope covers the research, development, production and sales of high-tech optoelectronics and microelectronic materials, the cultivation and industrialization of high-tech achievements, industrial investment, domestic trade, and the export business of the company's self-produced products and the company. Import of mechanical equipment, spare parts and raw and auxiliary materials.
Nanda Optoelectronics said that this time, a wholly-owned subsidiary was established in Cangzhou City, Anhui Province, mainly for the purpose of fully integrating the company's resources, expanding the company's business areas, and improving the company's supply of raw materials for LED epitaxial wafer production. This investment will help to enhance the company's core competitive advantages and meet the company's long-term strategic development needs. 
On November 19th, Nanda Optoelectronics (300346) announced the evening announcement. The company plans to set up a wholly-owned subsidiary, Quanjiao Nanda Optoelectronic Materials Co., Ltd., in Quanjiao County, Cangzhou City, Anhui Province with its own funds of 20 million yuan.