Nationstar Optoelectronics plans to transfer 49% of the shares of Great Light to Foshan Lighting

On April 1, Nationstar Optoelectronics announced that in order to optimize the company's resource allocation and improve overall operational efficiency, it plans to transfer its 49% stake in Foshan Haolete Optoelectronics Co., Ltd. (hereinafter referred to as "Haolete") to Foshan Electrical and Lighting Co., Ltd. (hereinafter referred to as "Foshan Lighting") at a price of 24.9166 million yuan through a non-public agreement transfer. After the completion of the transaction, Nationstar Optoelectronics no longer holds equity in Bright Company.

It is reported that Foshan Lighting holds a total of 21.48% of the shares of Nationstar Optoelectronics directly or indirectly and is the company's controlling shareholder. According to the "Shenzhen Stock Exchange Stock Listing Rules" and other relevant regulations, this transaction constitutes a related transaction.

Information shows that Good Light was established in 2020 as a joint venture between Foshan Lighting and Nationstar Optoelectronics. Before this equity transfer, Foshan Lighting held 51% of Good Good’s equity. Haoleite's business scope includes: R&D, manufacturing, and sales of: lighting products, lighting equipment, lighting accessories and raw materials, traffic lights, lighting fixtures and accessories, and motor vehicle accessories; undertaking lighting projects; lighting engineering technology development, consulting, services, and project investment; import and export of goods or technology, etc.

In the first three quarters of 2023 and 2024, Bright's operating income was 72.4422 million yuan and 47.8825 million yuan respectively; operating profits were 4.9346 million yuan and 2.8357 million yuan respectively; net profits were 5.0878 million yuan and 2.231 million yuan respectively.

For this equity transfer, Nationstar Optoelectronics stated that the company's core competitiveness and long-term development advantage lies in the field of LED packaging. The company's main business is the export of LED lighting products. This equity transfer is in line with the company's strategic development plan focusing on its main business. It will help promote the optimization and upgrading of the company's overall business structure, help the company reduce management costs and market risks caused by business dispersion, and improve the company's overall asset quality and operational efficiency.

According to data, Nationstar Optoelectronics’ business mainly includes LED business and semiconductor packaging and testing business. Its main products include LED epitaxial wafers and chip products, LED packaging and component products, integrated circuit packaging and testing products, and third-generation compound semiconductor packaging and testing products.

Previously, Nationstar Optoelectronics' LED production expansion project has ushered in new progress. According to Nationstar Optoelectronics, the first batch of production expansion projects in Geely Industrial Park has been completed. The project has a total investment of 2 billion yuan. The project focuses on the production of RGB small spacing, Mini/Micro LED, TOP/CHIP LED and other products, which are mainly used in ultra-high definition and new smart displays, smart car lights, smart homes, UV sterilization and other fields.