With the prospecting market development and LED industry cluster effect and LED industry based in Xiamen City, Kaistar Lighting (Xiamen) Co.,ltd (refers to Kaistar), the joint stock company of Kaifa signed an investment agreement with Xiamen Torch development Zone on Aug 26, on the basis of the China"s electronic strategic cooperation agreement between CEC and Xiamen government. As the leading enterprise of LED industry chain upstream epitaxial wafer and chip, Kaistar plans to invest 750 million RMB to purchase 60 MOCVD equipment and ancillary equipment (2 inches single cavity 54 pieces as the base) to expand production scale of ultra-high brightness blue LED epitaxial wafers. Xiamen City will continue to vigorously support the development of Kaistar and subsidize up to 5 million yuan each set of MOCVD of the newly purchased 60 sets. What’s more, Xiamen government will give preferential policies in terms of technology innovation awards, personnel housing, land repurchase and so on. Kaistar said it would continue to strengthen research and development efforts, the layout of the market strategy and promote the core competitiveness to become one of the domestic LED industry top three enterprises earlier.