Weizhi Holdings Limited (“Weizhi Holdings” or the “Company”, together with its subsidiaries, collectively referred to as the “Group”) was established in Hong Kong and has a history of over 30 years. The Group is one of the top manufacturers of high-quality light-emitting diode (“LED”) backlights and LED lighting products in China. Its business includes product research and development (“R&D”), design, manufacturing, and sales. The Group is recognized as the world's largest manufacturer of automotive backlights (in terms of product shipments). The Group also provides one-stop LED energy management services to provide comprehensive energy management lighting solutions for large commercial institutions and public utilities. The Group recently extended its business to the procurement of semiconductor memory chips to capture the increase in demand and promote the development of the industry. Since its successful listing on the main board of the Hong Kong Stock Exchange Limited (“Stock Exchange”) on November 18, 2014 (Stock Code: 1305), the Group has been committed to enhancing brand value and becoming one of the leaders in China's high-end LED backlighting and lighting industry. Over the years, the Group has closely followed industry trends, actively innovated technology, and achieved outstanding research and development achievements. It has successfully developed more than 1,000 new LED backlight products and more than 100 new LED lighting products in Hong Kong, China, Taiwan and Japan, and has more than 200 patent qualifications registered in China. The Group has comprehensive production facilities in Shenzhen and Huizhou in Guangdong Province. The Group's products are mainly divided into two categories, which include LED backlighting products and LED lighting products. LED backlight products are divided into three categories, which include: (1) vehicle displays; (2) television displays; and (3) other industrial equipment displays. The LED lighting business is divided into two major categories, including commercial lighting and public lighting.
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