The following is a notification from Foshan Electrical and Lighting that the retrofit LED tubes do not comply with UL's safety requirements and are not authorized to bear the UL Mark for the U.S. and Canada.

Chinese LED manufacturers Feilo Acoustic, cnlight and Foshan Lighting announced their latest financial investments and developments.

Investor lawsuits have caused Foshan Lighting’s net profits to plummet 79.93% in 2015 to RMB 53 million (US $8.15 million), while annual revenue dropped 6.26% YoY to RMB 2.88 billion, according to a company statement.

Foshan Lighting held its first stakeholder meeting of 2015 on December 25. The meeting approved the election of non-independent directors and other agenda. Among FSL’s six new non- independent director members, five went to members from State- owned asset Supervision and Administration Commission of Guangdong Province and won the election with high votes. In addition, He Yong, with State-owned Assets Supervision and Administration Commission of Guangdong Province background, was selected as chairman of the FSL boards.

Two years ago, Guangdong Rising Assets Management (GRAM) was a relatively unheard name in China’s LED lighting industry, but recently it has become one of the most recognized companies in the local LED industry, according to a Dazhaoming report. The motives behind the state-owned enterprise’s investments in top Chinese LED players Nationstar and Foshan Lighting reflect the involvement of important government strategies.

Osram announced Wednesday it would be selling its 13.5% stake in Foshan Electrical and Lighting (Foshan Lighting) to a subsidiary of Guangdong Rising Assets Management (GRAM) for more than EUR 350 million (US $392.51 million).

Foshan Lighting announced it signed a RMB 400 million (US $64.24 million) agreement with a distributor, according to a company announcement on Monday.

The seven plaintiffs involved in the Foshan Lighting’s misleading financial statement case received notices on Thursday from the Guangzhou City Intermediate People's Court that the case has entered second trial, according to a QQ.com report.

The Guangzhou Intermediate People’s Court in China has rejected Foshan Lighting’s appeal to transfer the case to Foshan Intermediate Court, according to a report by Chinese-language Securities Times. The Chinese LED manufacturer received a ticket from China Securities Regulatory Commission’s Guangdong branch nearly a year ago on March 7, 2014 over stock frauds.

In the latest development of Foshan Electrical and Lighting Co., Ltd. (Foshan Lighting) investor lawsuit, the company has contested jurisdiction causing a six months postponement of the court hearing. In late Sept. this year, 515 investors filed compensation lawsuits against the company due to misrepresentation of company finances. The case’s first court hearing was scheduled for Oct. 22, 2013 at Guangzhou Intermediate People’s Court, China.

A total of 515 investors have filed lawsuits against Foshan Electrical Lighting (FSL). Guangzhou Municipal Court will begin court hearings on October 22, 2013. Guangzhou Municipal Intermediate People’s Court judge has revealed that the court accepted the case of over 900 accumulated lawsuits totaling RMB $100 million (US$16,343).

Chinese lighting manufacturer Foshan Electrical and Lighting announced that the company received a “voucher” and “notice of response to action” by the Guangzhou Municipal Intermediate People’s Court accepting the civil case filed against the company byt 515 people for a misrepresentation of security liability dispute.

Chinese government has completed the bidding process for the 2012 Solid-State Lighting Product Subsidy. And Foshan Electrical and Lighting Co., Ltd. (Foshan Lighting) has announced to win the bid for 400,000 units LED lamps. According to the company, the winning products including LED downlight (4 inches / 12 w) and LED light (PAR30/8 w, PAR 38/12 w). These LED lighting products are only sold in mainland China, but the areas for popularization are not limited. And in the promotion of sales within the quota of the products, the company has the right to e...