Hongli subsidiary three times the price of 48 million 150 thousand equity repurchase 30%

Honglitronic 14 evening announcement, July 13, 2015, Guangzhou Hongli Au Optronics Co (hereinafter referred to as the "company") and the company subsidiary company Dongguan Xinquan Photoelectric Technology Co Ltd (hereinafter referred to as the "Xin Quan photoelectric") signed the "equity repurchase agreement", the company agreed to Xinquan photoelectric with the price of 48 million 150 thousand yuan repurchase holdings Xin interpretation of photoelectric 30% stake. After the completion of the equity transfer, the company no longer holds Xinquan photoelectric equity.

Prior to this, the evening of May 19, 2014, honglitronic has announced that its own funds 16 million 50 thousand yuan acquisition of Dongguan Xinquan Photoelectric Technology Co., Ltd. 30% stake. The following table before the transfer of ownership structure, the transfer of the company no longer holds Xinquan photoelectric equity.

Both sides confirmed and agreed to repurchase, was once 16 million 50 thousand yuan to buy the repurchase of the registered capital of 9 million yuan repurchase party become a shareholder of the company is to be three times the price for the repurchase of shareholder equity repurchase agreement on the price, the price of 48 million 150 thousand yuan for the specific.

Within 10 working days after the date of the agreement to repurchase repurchase payment, is 50% of the total repurchase amount of 24 million 150 thousand yuan; in September 25, 2015, the repurchase repurchase is party to pay the remaining 24 million yuan repurchase balance.

As of June 30, 2015, Xinquan photoelectric total assets of 139 million 266 thousand and 700 yuan, net assets of 45 million 387 thousand and 100 yuan; January 2015 -6 months to achieve total revenue of 38 million 779 thousand and 400 yuan, net profit of 2 million 729 thousand and 100 yuan.

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