Jiangxi LIAN shares two companies to expand the infrared, intelligent lighting projects

Jiangxi LIAN announced that the company intends to not more than 150 million yuan transferee Fengte infrared 20% stake, while the acquisition of shares, the company intends to cash is not more than 150 million yuan of capital accounts for Fengte Fengte infrared, infrared acquisition of 16.67% stake; after the completion of the capital increase, the company holds a 33.34% stake in Fengte infrared. When the infrared Fengte achieve performance targets agreed upon by both parties and other conditions, the remainder of the company will acquire Fengte infrared. Ying Fu Levin and Fengte infrared actual controller Mr. Wu Jiping promised in 2016 2015, and 2017 Fengte infrared net profit after deducting non recurring gains and losses were not less than 25 million yuan, 50 million yuan, 75 million yuan.

Fengte infrared thermal infrared imager to focus on the development, production and sales of products, products are mainly used in intelligent surveillance, reconnaissance, rescue, fire safety, explosion-proof vehicle infrared night vision assisted driving, medical diagnostics and other military and civilian fields, sales of products to include the United States, Europe, Japan and other countries and regions. Ying Fu Levin Fengte for infrared controlling shareholder, currently holds 52.50% stake in infrared fengte.

Jiangxi LIAN said that the upgrading of infrared products is the company's further strengthening of the infrared business sector and the core competitiveness of the inevitable requirements. After the merger the company will successfully Fengte infrared, thermal infrared imager entry field, so as to effectively enhance the infrared technology level and abundant infrared products, infrared optimization business structure, expand business scale, to further enhance the company's core competitiveness and profitability in the field of IR ability.

In addition, Jiangxi LIAN will also be in cash, the acquisition of Song Hongwei Luo Jianqiang were held by the party controlled 21% stake wisdom (corresponding investment 2 million 625 thousand yuan), 15% (corresponding to equity investment 1 million 875 thousand yuan), which control party registered capital increased from 12 million 500 thousand yuan to 16 million 500 thousand yuan, 4 million yuan of registered capital increased all paid in cash by the company. Song Hongwei confirmed and promised party controlled 2015 year 2016 and has 2017 annual net profit after deducting non recurring gains and losses were not less than 4 million yuan, 6 million yuan, 8 million yuan.

Control for the whole Party intelligence intelligent lighting control solutions and related hardware and software providers, with intelligent control system and hardware independent research and development capabilities, products have been used in Zhejiang, Hainan, Jiangxi and other provinces and parts of the city street in Saudi arabia.

Jiangxi LIAN said that the company's LED lighting business focused on LED lighting and lighting engineering services, etc.. Upgrade for restructuring the company to achieve LED lighting business, the company to clear things and the wisdom, the wisdom of City Association of lighting as the main direction, and strive to build the core competitiveness in the smart lighting business, and through control of intelligent lighting control business focus is the core and key links of smart lighting. M & a wisdom control, will be complementary with the company's existing LED lighting business, improve the company's smart lighting business development capabilities and technology, formed to the lighting project as the carrier, lighting intelligent control features and core competitiveness, the company LED light source and lamp sales company "smart lighting business pattern, so as to enhance the the company lighting business scale, profitability and brand influence.

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