Haoyang Co., Ltd. announced that the company signed an asset purchase agreement with the bankruptcy asset trustee designated by the Danish Aarhus Bankruptcy Court to purchase the operating assets owned by the Danish SGM LightA/s in the bankruptcy procedure, including intangible assets such as brand names, trademarks, domain names, patents, etc., as well as information technology equipment, vehicles, inventory, etc., at a purchase price of 3 million euros. The current purchase of SGM's assets is highly complementary to the company's existing business, which is conducive to enriching the company's architectural art lighting products and stage entertainment lighting equipment product categories.

Haoyang Co., Ltd. announced that the company signed an asset purchase agreement with the bankruptcy asset trustee designated by the Danish Aarhus Bankruptcy Court to purchase the operating assets owned by the Danish SGM LightA/s in the bankruptcy procedure, including intangible assets such as brand names, trademarks, domain names, patents, etc., as well as information technology equipment, vehicles, inventory, etc., at a purchase price of 3 million euros. The current purchase of SGM's assets is highly complementary to the company's existing business, which is conducive to enriching the company's architectural art lighting products and stage entertainment lighting equipment product categories.