Three stability by major shareholders to join the proposed fund-raising capacity of 3 billion 900 million expansion

An optoelectronic March 23rd evening release set by the plan, the company intends to price 16.58 yuan / share to 10 specific objects including the controlling shareholder of Sanan group not more than the issue of not more than 235 million 220 thousand shares (235 million 220 thousand shares) to raise 3 billion 900 million to expand production capacity. This increase was the company's actual controller Lin Xiucheng control Sanan group generous support, commitment of major shareholders to subscribe in cash this non-public offering of shares 10% of the total, and can not be transferred within 36 months.

Announcement shows that this non-public offering of shares of the total funds raised not more than 3 billion 900 million yuan, after deducting the cost of issue, turn into Xiamen photoelectric industry (two) project and communication of microelectronic devices (a) project. Among them, the Xiamen photovoltaic industry (two) project total investment of 3 billion 645 million 100 thousand yuan, the raised funds to invest $2 billion 300 million, all for the construction of the project. After the completion of the project will form an annual output of 1 million 223 thousand LED epitaxial film (the capacity of data to calculate the length of the epitaxial film of 4 inches), chip production capacity of 30 billion 605 million. The project construction period is 24 months, expected annual sales income will reach 3 billion 174 million 240 thousand yuan (excluding tax), annual production 664 million 680 thousand yuan net profit after tax.

Communications microelectronics devices (phase I) total investment of 3 billion 4 million 750 thousand yuan, of which the use of funds raised not more than $1 billion 600 million, all for the construction of the project fixed assets. After the completion of the project will be the formation of communication with the epitaxial film 360 thousand / year (in the calculation of the size of 6 inches), communications chips of 360 thousand / year (in the calculation of the capacity of 6 inches). The construction period is 45 months, expected annual sales income will reach 4 billion 15 million 390 thousand yuan (excluding tax), new year net profit of 596 million 240 thousand yuan.

The company said that after the non-public offering, help expand the company's production scale, improve the company's product market share, enhance the company's ability to sustainable development. This investment projects in line with national industrial policy and the development of the overall strategic direction of the Future Ltd, with good market prospects and economic benefits after the completion of the project, to further enhance the company's profitability, increase profit growth, reduce financial costs, enhance competition ability, the use of funds raised in accordance with reasonable and feasible. The company and the interests of all shareholders. Greatly enhance the strength of the company's capital, net assets will be significantly improved, while the company's asset liability ratio will also have a certain degree of decline, is conducive to enhancing the stability of the company's asset structure and the ability to resist risks.

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