SHANGHAI, Sept. 11, 2013 /PRNewswire/ -- Shanghai UBM Sinoexpo International Exhibition Co Ltd (UBM Sinoexpo), one of UBM Asia's joint venture companies in China, signs a cooperation agreement today with the Guzhen Town Government of Zhongshan City, Guangdong Province to form a new joint venture company to manage the operation of the China (Guzhen) International Lighting Fair and thereby, further promoting the development of the local exhibition industry. (Photo: http://www.prnasia.com/sa/2013/09/11/20130911133623439632.html )(Logo: http://www.prnasia.com/sa/2010/04/19/20100419602891.jpg ) The agreement was signed today by Mr. Cheng Guanqiu, Deputy Director, Finance Bureau of Guzhen Town, Zhongshan City, Guangdong Province and Mr. Wang Mingliang, Founder and Director of UBM Sinoexpo. Also present at the signing ceremony were senior representatives from Guzhen National State-owned Asset Management Office and Mr. David Levin, CEO of UBM plc. together with Mr. Jime Essink, President & CEO of UBM Asia. Launched in 1999, the Guzhen Lighting Fair has earned a strong reputation as one of the most professional lighting exhibitions in China. The Fair attracted over 600 exhibiting companies and 64,000 professional visitors from 103 countries and regions in 2012. The Lighting Fair is one of the driving forces contributing to the rapid development of the lighting industry in Guzhen which is renowned as " China's Lighting Capital". There are around 8,000 manufacturers and 4,000 sales and production related companies in Guzhen, making it not only a mega centre for specialised lighting, but also the biggest manufacturing base and sales centre in China that distributes lighting products to all over the world. Mr. Wei Hongrui, the Mayor of Guzhen Town, said: "UBM Sinoexpo is a well-known and influential exhibition company with a history of over 20 years and a portfolio of large scale exhibitions, having managed a total of over 660,000 square metres of gross exhibition space in 2012. We believe that UBM Sinoexpo's expertise, their professional team and modern enterprise development and management will play an important role in the development of the Guzhen lighting fair for now and in the future. Therefore, we will set up a professional management committee to coordinate the functions of the various government departments, the lighting markets, the representatives of the mainstream companies in this industry together to build the lighting fair into a one-million square metre event. Guzhen is the world's largest lighting market and we hope that by working with UBM Sinoexpo, the Guzhen Lighting Fair will grow to become the world's largest and most influential trade exhibition and Guzhen will become a global lighting industry hub. I am confident about the prospects for this bilateral cooperation."