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HONG KONG, June 23, 2010 - (ACN Newswire) - China Trends Holdings Limited ("China Trends", Stock Code: 8171.HK), the company which focuses on energy management contract (CEM) business, is delighted to announce that, the Company and(transliterated as Beijing Hui Likang Hi-Tech Company Limited ("Beijing Hui Likang") entered into a cooperation framework agreement to build up 20,000 Children Wisdom Group, so as to diversify its market coverage and further extend CEM business into children's market and enhance the profitability of the Group.
China Trends and Beijing Hui Likang established a cooperative relationship today, pursuant to the Agreement, Beijing Hui Likang is in the process of establishing Children Wisdom Group with the need of all-in-one energy-saving computers. Beijing Hui Likang will participate in promotion and publication, operation and investment promotion with suitable working partners forming alliance, while the Company will provide all-in-one energy-saving computers to Beijing Hui Likang to implement its Children Wisdom Group by mean of CEM. The Company will realize its investment returns and profit by sharing relevant percentage of the energy saving efficiency realized by Beijing Hui Likang in its energy saving measures. Beijing Hui Likang targets to build up to 20,000 Children Wisdom Group with the alliance partners within ten years in the PRC.
Children Wisdom Group is mainly set up to cultivate the potential of children's intellectual development. The domestic and foreign experts will undergo the potential assessment of the children in the Children Wisdom Group and then design and implement the program of individual intellectual development based on each child's development and characteristics. Most of the courses untaken in the Children Wisdom Group will be supported by multimedia teaching equipments.
With strong support from the PRC government to promote the implementation of the CEM project to facilitate the energy-saving service sector in the economy and the improved living quality, the demand for energy-saving digital products would become a trend. The Company is expected that the possible cooperation can lead its business of CEM further extending to children's market. The energy-saving digital products provided by the Company under CEM business model fulfill the demand for multimedia teaching equipments in most of the courses in the Children Wisdom Group.
As the Group is planning to provide energy-saving 3C electronics products and solutions to customers by mean of CEM under BOT model and to promote them in different aspects of the society, while the strong support from the PRC government would promote the implementation of CEM to facilitate the energy-saving service sector in the economy. Apart for the proposed acquisition on the reward redemption, distribution, advertisement broadcasting platform, and the proposed cooperation on multimedia education platform earlier, the Company also expects through the possible cooperation mentioned above, to further extend the business of CEM to the children's market.
Contact:
Carmen Lee
Investor Relationship Department
China Trends Holdings Limited
Email: carmen.lee@8171.com.hk
Tel: +852 2111 9988
Direct: +852 2155 6275
Mobile: +852 6301 6611
Fax: +852 2111 9989
Topic: Press release summary
Source: China Trends
Sectors: Retail & eCommerce, Energy, Alternatives
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From the Asia Corporate News Network
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