In January 2021, Kinwong held an online Supplier Medal Awarding Ceremony with the theme of "Unity, Joint Efforts and Gathering". In order to acknowledge our company for the support to Kinwong, Kinwong invited LRC to carry on the on-site award ceremony. Our company has been selected as the Strategic Supplier of Kinwong in 2020 and we are the only original manufacturer of electronic component.

Kinwong is the world's leading manufacturer of electronic circuit , with 27 years of experience in circuit board manufacturing. At present, it ranks about Top 20 in the international printed circuit board (prismark), ranks second in FPC flexible circuit board of domestic capital, and PCB hard board listed second only to Shennan and WUS. The annual compound growth rate of the two business groups of softboard and hardboard is more than 25%. In 2019, the revenue was RMB 6.33 billion. In 2020, even in COVID-19 pandemic situation, the revenue exceeded 7 billion. The customers covers Google, Amazon, Hella, Bosch, Continental, etc., mobile display modules and direct-supply terminals are all related to HMOV. 40% of its products are widely sold to Europe, American and Asia, and the rest are leading customers in different fields domestically.

Since 2015, Kinwong has been committed to promoting the localization of FPC module display flexible boards. As an excellent domestic brand, our company has become a strategic alternative to some overseas competitors, and the sales revenue has been increasing year by year. LRC continues to provide support in terms of on time delivery, customer service and premium cost, so we have been awarded as an excellent supplier by Kinwong for two consecutive years since 2018. In 2020, facing the rapid increase of customer demand, our team responded quickly and made an important contribution to the delivery of FPC module board. Therefore, we are awarded the honor of strategic supplier by Kinwong.

Kinwong will continue to expand its capacity of FPC SMT in 2021, which will accelerate the breakthrough in international and domestic automotive market, and continue to expand the share of smart terminal and automotive international customers. It will become an important partner for our company's further business development and will continue to maintain good communication with customer, broaden the product field, and achieve win-win.