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The two parties signed a subscription agreement on the 16th. However, due to the weak global economy in the first half of the year, Liansheng lost 100 million yuan in the first half of the year. Although the operation continued to improve in the second half of the year, it faced the fourth quarter and entered the off-season. Space is limited. 
Taiwan LED chip factory Liansheng Optoelectronics held a major news conference on October 18th. Liansheng general manager Zhang Zhisong announced that he would join hands with American business Xuming Optoelectronics, and Liansheng handled a cash increase of 20 million shares, at a price of 4.5 yuan per share (NTD, the same below) A total of 90 million yuan was subscribed by Xuming Optoelectronics.