LED industry boom will hold good three Wuhu Rui 100% stake

In September 6th, three optical resolution eighth "release of the fourth meeting of the announcement". Notice that the board of directors through the company and Chery Holdings Co., Ltd. signed the equity transfer agreement, the motion through the company's wholly-owned subsidiary of the transfer of shares of its subsidiary motion.

It is understood that the Wuhu Rui optoelectronics Co. Ltd. (hereinafter referred to as "Wuhu Rui") is the company and Chery holdings joint venture company, registered capital of 80 million yuan, the company's 51% stake, Chery Holdings Limited, the shareholding ratio of 49%, mainly engaged in LED packaging, application, design, automotive lighting lighting and various other applications of related parts and other products of the production, sale and service. As of June 30, 2014, Wuhu, a total of 189 million 871 thousand and 900 yuan assets, liabilities totaled $116 million 935 thousand and 400 in 2014 1-6 months to achieve sales revenue of 15 million 446 thousand and 700 yuan, net profit of -829.78 million.

Sanan optoelectronics said, according to the company's development goals, in order to better support the development of Wuhu Rui, the study board of directors decided to Wuhu as of December 31, 2013 Ruijing assets for reference, the company uses its own funds 40 million 790 thousand yuan transferee Chery Holdings Limited holds 49% stake in Wuhu rui. After the completion of the equity transfer is completed, the company will hold 100% stake in Wuhu.

At the same time, a wholly owned subsidiary, three optical core Photovoltaic Technology Co. Ltd. (hereinafter referred to as the "core, PV) holds SG new energy Limited by Share Ltd (hereinafter referred to as the" new energy ") 10% stake.

As of June 30, 2014, the new energy assets totaled 1 billion 278 million 322 thousand and 900 yuan, total liabilities of 982 million 714 thousand and 300 yuan, in 2014 1-6 month sales revenue 37 million 542 thousand and 900 yuan, net profit -4322.86 million.

According to plan, the study of the board, agreed on in 2014 06 core PV 30 August delivery benchmark, to transfer its holdings of SG new energy 10% to the price of 30 million yuan stake to Xiamen Ding Yi Cci Capital Ltd. For the successful completion of the equity transfer matters, the board of directors of the board of directors authorized to handle all matters relating to the transfer of ownership.

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