China's leading LED display manufacturer Aoto Electronics has signed a contract on outdoor full-color and customized advertisement broadcasting system with CNC,China's leading media on 12th November.CNC has pledged to procure 200 full-color LED displays,the size of which is to be determined according to different circumstances at a unit price of RMB 15,000/m2.

As per this contract,XHN Media promises to purchase 200 sets full color outdoor LED display from AOTO within 12 months with the unit price of 5,000 yuan/㎡.The area for each display depends on the real size according to site condition.The price of each LED panel including the fee of installation,transportation,custody,insurance and all taxes.The cost of network control system is RMB one million yuan.

The duration of this contract is from 12th November 2012 to 31th December 2012,during which period Aoto Electronics will receive the first order from CNC that equates to RMB 12.25m.As said in the contract,CNC has made a down payment of RMB 3.675m to Aoto Electronics and the latter has confirmed the payment on 28th December 2012.Now preparation for further proceedings is underway.