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# 1999 Hughes JVC

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Jinan, China,—Feb 9, 2017

Luxin-Rio Wholly Acquires Volfoni

On January 23rd, 2017, Shandong Luxin-Rio Visual Technology Company Limited held the signing ceremony for Luxin-Rio’s 100% acquisition of Volfoni in Jinan, China. Mr Jiang Dong, chairman of Luxin-Rio and Mr. Thierry Henkinet, CEO of Volfoni, were present at the signing ceremony. Details of the purchasing agreement are not disclosed.
 
The French company Volfoni is a well-known 3D equipment manufacturer in the World. Luxin-Rio has been cooperating with Volfoni since 2012 and at that time the joint venture companies Volfoni-Rio Asia Company Limited and Qingdao Volfoni-Rio Visual Technology Company Limited were set up.  Luxin-Rio had previously already purchased 10% of the shares in Volfoni back in 2014.  Now, this 100% acquisition of Volfoni means that Luxin-Rio owns the core technology for 3D equipment. This represents  a corner-stone of Luxin-Rio’s desire to build up its cinema industry chain and international industrial layout. The acquisition of Volfoni also confirms Luxin-Rio will continue to play an important role in the cinema industry.
 
Luxin-Rio is dedicated to the integration of global resources, combined with culture, technology and financial services. Luxin-Rio provides the most competitive visual technology solution for his clients.



About Volfoni SAS: Volfoni, based in Paris, is the largest European 3D system company and a global brand with award winning products such as the SmartCrystal™ Diamond for the cinema industry and the Edge VR™ Active Glasses for the virtual reality industry Volfoni SAS Directory page About Luxin-Rio:
Luxin-Rio was established in 2013 in Qingdao, ShanDong Province, with a registered capital of 30 million RMB, by Shandong Luxin Culture Industry Venture Capital Co., Ltd. (member of Shandong Luxin Investment Holdings Group Co., Ltd.) and Guangzhou Rio Tech Optics Co.,Ltd. In 2015 Funds from Hubei Provincial High Technology Industry Investment Co.,Ltd invested in Luxin-Rio.  Their member companies include MediaMation Inc. (global leader in 4D technology from USA), Volfoni S.A.S. (world-leading 3D technology brand from France), and TCL Chinese Theatre (most famous high-end cinema in Hollywood, USA), as well as subsidiaries such as Volfoni-rio, Yuhe Optics, and etc.
Luxin-Rio Directory page
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