Expand LED display business, Chau Ming TSE increased capital US listed companies

Recently, Chow Ming technology announced that the company's overseas wholly owned subsidiary, Unilumin North America Inc., intends to increase its capital to NASDAQ listed companies Trans-Lux Corporation in cash.

Statistics show that Trans-Lux Corporation is a company incorporated in Delaware in February 5, 1920. It is a leading designer and manufacturer specializing in providing digital display solutions and fixed digital scoreboard, and has established extensive cooperation with distributors all over the world.

In this transaction, Unilumin North America Inc. will sign SECURITIES PURCHASE AGREEMENT with Trans-Lux Corporation and WARRANT TO TO 5670103 "

According to the announcement, Unilumin North America Inc. intends to subscribe to 1315789 shares of common stock issued by Trans-Lux Corporation by US $1500000 ($0.001 per share, 33% of Trans-Lux Corporation total share) and warrants to purchase 5670103 common shares in the future.

Chow Ming Technology said, Unilumin North America Inc. this Trans-Lux Corporation investment will further enhance the influence of chow Ming Technology in overseas markets, promote the expansion of Chau technology LED display business in overseas business, enhance the quick response capability of Chau Ming Technology in overseas markets, and consolidate multi-level overseas distribution channels. Tao is in line with the company's overall development strategy.

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