[Press Release]
LEAD COMMUNICATIONS, A SUBSIDIARY UNDER CHINA ALL ACCESS
TO ESTABLISH OPERATION IN ZTE MAANSHAN TECHNOLOGY INDUSTRIAL PARK
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WILL INVEST NOT LESS THAN RMB300 MILLION
TO BUILD AN R&D, PRODUCTION AND SALES BASE
(12 April 2016, Hong Kong) Lead Communications Co., Ltd. (“Lead Communications”), a
subsidiary of China All Access (Holdings) Limited (“China All Access” or “the Company” ;
stock code: 633.HK) has signed an agreement with the Management Committee of
Maanshan Economic and Technological Development Zone (馬鞍山經濟技術開發區管委會)
(“Management Committee”) and ZTE Maanshan Technology Industrial Park Company (中興
馬鞍山科技產業園公司), to establish an R&D, production and sales base in ZTE Maanshan
Technology Industrial Park (“Industrial Park”) for its LCD display module, touch screen, full
lamination and fingerprint module production. The Company intends to complete the
construction within five years. The fixed asset investment of the project is expected to be not
less than RMB300 million and the annual sales generated from the base is expected to
exceed RMB1 billion after completion and commencement of production of full capacity.
ZTE Maanshan Technology Industrial Park Company will provide industrial land of
approximately 80 acres in the Industrial Park and build it according to the requirements set
by the Management Committee. The Industrial Park as a whole is to be sold to the
Management Committee upon the completion of construction and appropriate subsidies are
to be provided. The Management Committee is to provide Lead Communications privileges
enjoyed by all operating companies in the Industrial Park after it moves in.
Mr. SHAO Kwok Keung, Chief Executive Officer of China All Access, said, “Under the
cooperative framework agreement, Maanshan and ZTE are developing a technology
industrial park zone focusing on solutions for implementing a ‘smart city’. This initiative also
provides a good foundation for fast-growing technology companies such as Lead
Communications. Lead Communications is advancing to its next important development
stage. After moving into the Industrial Park, Lead Communications can benefit from more
favourable policies enabling it to better capture the development opportunities for ‘smart city’
solutions and achieve further success.”
Lead Communications is a subsidiary of China All Access, principally engaged in the R&D,
manufacturing and sales of displays used in mobile handsets. Its latest intelligent production
project has begun to yield results. According to an announcement published by China All
Access in December 2015, the Company is evaluating a potential spin-off of Lead
Communications on the GEM of The Stock Exchange of Hong Kong Limited. At present, the
Company has started the spin-off process with the aim of realizing the maximum value of this
unit after listing.
~End~
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Lead Communications to Establish Operation in Maanshan Technology Industrial Park
12 April 2016
About China All Access (Holdings) Limited (Stock code: 633.HK)
China All Access is an integrated information and communications technology enterprise,
with its main business comprising communication application solutions and services and
investments. The primary focus of the communication application solutions is on public
security, emergency communication systems and city integrated management businesses.
The Company’s communication application solutions are leading-edge solutions for mobile
office communications from terminal to terminal, supported by satellite networks, based on
mobile communications with core network convergence, enabled by broadband technology,
and finally delivered to the user in the form of smart terminal devices. China All Access was
listed on the Main Board of the Stock Exchange of Hong Kong on 16 September 2009, with
the stock code of 633.
For Enquiry:
Strategic Financial Relations (China) Limited
Ms. Serine Li
Ms. Winnie Lau
Ms. Angel Li
Ms. Mavis Wu
Ms. Ella Lu
Tel : (852) 2864 4835
Tel : (852) 2864 4876
Tel : (852) 2114 4954
Tel : (852) 2864 4899
Tel : (852) 2114 4941
serine.li@sprg.com.hk
winnie.lau@sprg.com.hk
angel.li@sprg.com.hk
mavis.wu@sprg.com.hk
ella.lu@sprg.com.hk
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