Xingyu shares (601799) announced on the evening of July 26 that Changzhou Xingyu Technology, a wholly-owned subsidiary of the company, signed an investment letter of intent with IOT and its sole shareholder on July 26, and Xingyu Technology intends to increase capital for IOT. Not more than 20 million yuan, get 20% of its shares. According to reports, IOT Technology was established in April 2010 with a registered capital of 10 million yuan. Its main business is a system solution for providing remote information services using Internet of Things technology. The main products and services include various IoT information terminals. The vehicle enterprise's vehicle network data operation platform, telematics system and data value-added services, etc., have rapidly expanded their products and services in the front-loading fields of new energy vehicles (logistics vehicles, buses, etc.) and commercial vehicles. IoT Technology and its sole shareholder initially promised that the company's audited net profit from 2016 to 2018 would be 6.5 million, 8.45 million and 10.98 million yuan; if not realized (whether single or cumulative), Xingyu Technology has the right. At any time after the occurrence of the situation, the sole shareholder or its actual controller is required to repurchase the equity held by the company at that time. The repurchase price is the investment amount + the bank deposit interest for the same period of the year. Xingyu shares said that the company's cooperation with IOT is an important step in the intelligent strategy and will strongly promote the company's development in the fields of car networking and V2X. The signing of the investment letter of intent is conducive to the coordinated development and resource sharing of the two parties, and jointly promotes the product technology research and development and market development of the IOT data platform and vehicle terminal, which is conducive to enhancing the company's core competitiveness. According to the data, Xingyu shares are domestically produced headlights. The main products include headlights, rear combination lights, fog lights, other lamps and lamp electronics. The company's main customers include FAW, Chery, GAC, Volkswagen, BMW, Honda, Toyota, GM, Ford and so on. American Motors Replacement,Oil Filters for American Cars,Oil Filters for American Auto Motors,American Motors Replacement Oil Filters Zhoushan Shenying Filter Manufacture Co., Ltd. , https://www.renkenfilter.com