Ge intends to apply for a new private placement, the introduction of international lighting factory cooperation

Crystal April 26th board meeting, a resolution will apply for a new private placement, the highest number of shares not more than 250 million shares. The company said that since last year by the shareholders for the private placement will be held in June 6th this year after the expiration of one year, and in the case could not be executed before the deadline, so today the resolution of the board of directors does not continue to handle the case, but also intends for the new private placement will be held on June 14th, the shareholders meeting to discuss. EPISTAR pointed out that optimistic about the sustainable development of LED lighting, the company expects the strategy through the cooperation of private case introduction of relevant international companies, to enhance the company's competitiveness in the field of cooperation, target to have lighting related patents, sea and other advantages of international companies, so far, to negotiate business for overseas manufacturers, but the two sides still have many details are still under discussion, unable to estimate in June 6th of this year before the expiration of the execution is completed, so the board decided not to handle the case, and by fitting for the new private placement, and the new case will be held on June 14th shareholders meeting to discuss.