The use of self financing investment 426 million M.L.S.

In March 25th, Limited by Share Ltd (hereinafter referred to as "Rawlinson Linsen") announced that the company considered and adopted the "on the use of funds raised replacement upfront equity investment projects financed by the bill", the Board agreed to use the funds raised 426 million 270 thousand yuan investment in pre replacement equity investment LED project funds.

According to the announcement, the "prospectus", to raise funds in this place before, will Linsen to self financing project to raise funds to invest, to raise funds to raise funds to replace the first investment funds. As of March 11, 2015, M.L.S. to self financing upfront investment projects to raise funds and funds are as follows:

Source: M.L.S. announcement

Notice that this has been put into use to raise funds to replace the pre investment projects to raise funds for the self financing, is conducive to the protection of the legitimate rights and interests of investors to raise funds to improve efficiency and achieve the maximization of the interests of investors. Agreed to use 426 million 270 thousand yuan to raise funds to invest in the company raised the self raised investment projects.

At the same time, said the announcement, agreed that the company will use the supplementary operating capital projects in the 450 million yuan for the permanent supplementary operating funds. M.L.S. said this, permanent use to raise funds to supplement working capital, capital bottleneck problem faced by expanding the scale of operation, the development of the company can effectively alleviate the company's production of LED products, improve the company's financial structure, improve the quality of the company's assets, enhance the company's ability to resist risks.

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