Yankon to EPISTAR LED lighting industry development

Recently, Yankon (600261) announced plans to not less than 19.24 yuan / share placement price of not more than 48 million shares, raising not more than 918 million yuan, of which, LED energy-saving lighting products project plans to take 419 million yuan to raise funds, the controlling shareholder of the Company Century Sunshine has clearly indicated that it would not participate in the subscription.

According to the sun lighting estimates, Xiamen sunshine LED energy-saving lighting products total construction period of 36 months, in the latter part of the edge of the building will be put into operation, that part of the production from January 2013. After the project will be the formation of an annual output of 20 million LED light source lighting and LED lighting sets of production capacity of up to the year after the end of the year is expected to add sales revenue of $1 billion 700 million, total profit of 250 million yuan ($5 million).

The company also announced a strategic partnership with Taiwan Jingyuan Au Optronics Co. After full discussion, the two sides reached a "strategic cooperation agreement" and "intellectual property rights agreement". According to the agreement, and to specify Yankon company EPISTAR or its designated procurement LED chip company, under the same conditions or similar conditions in order to EPISTAR primary suppliers; EPISTAR commitment: priority Yankon order, strictly abide by the agreed delivery time of the contract, the production must be able to adapt to the development of production company. In the industry of material shortage, the priority should be to ensure that the needs of the company; the highest quality to ensure the supply of EPISTAR products, to ensure the competitiveness of products in use.

Yankon believes that this cooperation and give full play to the advantages of the company and their respective EPISTAR, implementation of the LED lighting industry chain cooperation and complementary advantages between the partners to jointly accelerate the LED lighting, LED lighting market development, improve market share and create favorable conditions.

Department of Taiwan Jingyuan photoelectric listed company, specializing in the production of ultra high brightness LED silicon epitaxial wafers and grain, and a metal organic vapor phase epitaxy of its own (MOVPE) technology, the full development of ultra high brightness LED products, is the major manufacturer of global LED epitaxial chip LED chip products at present, with complete intellectual property.