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HONG KONG, June 8, 2010 - (ACN Newswire) - China Trends Holdings Limited ("China Trends", Stock Code: 8171.HK), a company focused on the contracted energy management (CEM) mechanism, jointly announced with China Innovation Investment Limited ("China Innovation", Stock Code: 1217.HK) that, Boss (China) Information Systems Limited ("Boss China", a subsidiary of China Trends), Huizhou TCL Lighting Appliance Technology Limited* ("Huizhou TCL", a subsidiary of TCL Corporation (000100.SZ)) and Dooda Innovation (China) Technology Development Limited ("Dooda China", an investment in the PRC made by China Innovation through Dooda Innovation Limited) entered into a stratregic cooperation agreement, to establish a strategic cooperation on R&D, production, sales and distribution of energy-saving LED products under CEM business model to achieve the mutual sharing on resources.
Pursuant to the Agreement, Boss China and Dooda China can purchase energy-saving LED lighting products with the brand "TCL" directly from Huizhou TCL. On the order hand, Boss China and Dooda China would outsource the production of energy-saving LED lighting products to Huizhou TCL under OEM and ODM contract basis, while Boss China can also provide a financing arrangement for Huizhou TCL to support the development and implementation of CEM for sales and distribution of energy-saving LED products.
The CEM model executed by China Trends makes use of the BOT model. The CEM service to be made between the company and the clients is normally for five years and it is a commercial operating model that the provider offers its clients with a set of energy saving services, project financing, engineering construction, and related services by providing energy-saving electronic products. China Trends' target is to promote energy-saving 3C electronics products and solutions in different aspects of the society and to realize its investment returns and profit by sharing relevant percentage of the energy saving efficiency.
The first stage for China Trends' CEM product would be "all-in-one energy-saving computer," which can save approximately 90% of the energy compared with the traditional laptop computer. Its CEM model will further extend to different aspects, including solar electric car, solar advertising screen and solar electric book, to showcase the application on solar storage battery, LED backlight and lighting and energy conserving materials.
Contact:
Carmen Lee
Investor Relationship Department
China Innovation Investment Limited
Email: carmen.lee@1217.com.hk
Tel: +852 2111 9988
Direct: +852 2155 6275
Mobile: +852 6301 6611
Fax: +852 2111 9989
Topic: Business Tieup
Source: China Innovation Investment Limited
http://www.acnnewswire.com
From the Asia Corporate News Network
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