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The main content of the contract is: China Xinhua TV is committed to purchasing 200 outdoor LED full color screens from the company. The area of ​​each display screen is based on the size determined by the site design and installation, and the unit price is 15,000 yuan/m2. China Xinhua TV promised that the purchase period of 200 full-color screens will be 12 months, that is, China Xinhua TV will try its best to issue 200 screen purchase orders to the company within 12 months from the date of signing this contract. The unit price for each display includes installation fees, shipping charges, custodial fees, insurance premiums, and all taxes that the company should pay for. The cost of the network control platform software is 1.0 million yuan (RMB capital: 10,000 yuan). The payment for this contract shall be paid by installment payment, and the payment shall be completed upon expiration of the three-year warranty period from the date of acceptance of the product required by the contract.
It is reported that from November 12, 2012 to June 30, 2013, Alto Electronics received the first batch of orders from China Xinhua TV, which is estimated to be RMB 12.25 million, including outdoor LED display price 1,125. 90 million yuan and a set of advertising system network control platform software price of 100,000 yuan, the company received the first batch of advance payment of 3,675,500 yuan on December 28, 2012.
At present, the commissioning and installation of the network control platform software of the advertising system has been completed. Through the use of acceptance, the manufacturing and installation work of the LED display body is progressing. One of the LED display panels has been installed, passed the acceptance and put into use, and the remaining LEDs. The display body will be installed after receiving the installation notice of China Xinhua TV. Alto Electronics will negotiate with China Xinhua TV on the implementation of the order to speed up the project. 
On November 12, 2012, Alto Electronics signed the “Outdoor LED Full Color Screen and Advertising Distribution System Customization Contract†(hereinafter referred to as “Contractâ€) with China Xinhua TV (CNC).