On August 27, 2013, the 10th meeting of the 9th Board of Directors of Feile Audio reviewed and approved the â€œProposal on the Establishment of a Subsidiary of Shanghai Yaming Lighting Co., Ltd., a wholly-owned subsidiary of the company in South Africaâ€. The Board of Directors agreed that Shanghai Yaming Lighting Co., Ltd., a wholly-owned subsidiary of the company, contributed US$1.275 million to jointly establish Inesa Lighting Co., Ltd. with South Africa APPLO and South Africa SVA in South Africa (provisional name, subject to South African registration and registration) . And authorized the general manager of the company to sign the relevant documents. Feile Audio said that this investment still needs the approval of the relevant Chinese authorities, and has been registered and approved by South Africa for registration. Currently, relevant approval procedures are being processed.
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