On Nov. 5, 2009, Mr. Wu Senmin, Deputy Mayor of Yiwu City, Zhejiang Province, led Yiwu municipal government delegation composed of ten people including leaders of bureaus, committees, development zones and outstanding entrepreneurs to HC Semitek Corporation for visit and inspection. Mr. Zhou Fuyun, chairman of the company, and Mr. Ye Aimin, the vice president, held reception for the delegation.

The leaders of the delegation had cordial discussion with the company leaders, listened to the company’s report on industrial development, R&D, production, products, management and other aspects, and commended the development of HC Semitek and its contribution to China’s semiconductor lighting energy-saving sector. After the meeting, the municipal leaders, accompanied by the leaders of HC Semitek, visited the company’s factories and production lines, encouraged HC Semitek to become bigger and stronger, and said that Yiwu Municipal Government would provide strong support in terms of investment policies, market support, etc. 

As a success story of China’s reform and opening up, Yiwu has established the world’s largest distribution center for small commodities and sets the prices on the global small commodity market. For more than a decade, Yiwu has been ranked among the top 100 cities and counties in China and is the most prosperous and dynamic city in Zhejiang Province. Without a doubt, Yiwu holds huge potential influence on the global market structure when LED products gradually gain popularity.