Feile Audio (600651) announced on the evening of April 13, the company's general manager Zhuang Shenan and R20 International Regional Climate Action Organization ("R20") chairman Arnold Schwarzenegger signed a "Strategic Cooperation Agreement" in Shanghai.
Under the agreement, Feile Audio agreed to cooperate with R20 on the promotion of LED projects in the R20 members' regions, especially in the regions where R20 members are located, especially in the United States, Africa, Brazil and others.
Feile Audio agreed to pay an annual fee of US$50,000 for the R20 International Regional Climate Action Organization membership fee, and the fee will be paid within one month of the following signing date. The R20 International Regional Climate Action Group will provide support for Feile Audio in the identification, development and implementation of global projects. Feile Audio will attend the R20 Global Conference to promote Asian LED products in the R20 Smart City project.
R20 agrees to Shanghai Feile Audio Co., Ltd. and Shanghai Yaming Lighting Co., Ltd. to use the R20 trademark (LOGO) during the execution period of the contract. R20 agrees to mark Shanghai Feile in its obvious position on its website and publication during the contract execution period. Sound Co., Ltd. and Shanghai Yaming Lighting Co., Ltd. are their strategic partners.
The R20 International Regional Climate Action Organization was established in 2010 by the former US Governor of California Arnold Schwarzenegger and other international leaders in the framework of cooperation with the United Nations. R20 is committed to expanding low-carbon projects with like-minded technology companies, integrating global online and offline resources, and Unicom's supply and demand ends to successfully complete projects.
Feile Audio said that the company's cooperation with R20 is an important part of the company's international strategy. This strategic cooperation is conducive to the promotion of the company's "Asian brand" LED products in the international market, helping to enhance the company's brand image, accelerate the development of the company's green lighting industry, and contribute to the global low-carbon environmental protection.
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