Lianchuang Optoelectronics Co., Ltd. Xiamen Hongfa 100 million yuan

On December 27th, Lianchuang Optoelectronics Conference deliberated and passed the “About the shareholding company Xiamen Hongfa Technology Co., Ltd., the capital increase does not exceed RMB 100 million and cooperates with Xiamen Hongfa and Xiamen Hongfa, another shareholder Hongfa Technology Co., Ltd. Signing the bill with the conditions for the capital increase agreement.

In order to improve the production capacity of its high-performance relays and low-voltage electrical appliances, Xiamen Hongfa promotes the industrialization of new relay products and realizes the upgrading of products. Xiamen Hongfa and its subsidiaries intend to implement high-voltage DC relay and meter component industrialization projects, low-voltage electrical equipment technology expansion and industrialization projects, high-performance relay technology expansion and expansion projects and industrialization projects, relay research and development capabilities and precision parts and components Capacity upgrade project. Xiamen Hongfa's funds for implementing the above four projects and daily production and operation needs are about 900 million yuan. Hongfa Technology Co., Ltd. (hereinafter referred to as “Hongfa Technology”) intends to issue non-public offerings to no more than 10 specific targets, and plans to raise funds of approximately RMB 800 million to increase capital of Xiamen Hongfa.

According to the company's capital status and the future development prospects of Xiamen Hongfa, Lianchuang Optoelectronics agreed to increase the capital of Xiamen Hongfa with its own funds of no more than RMB 100 million. The capital increase price is the evaluation value of Xiamen Hongfa as of December 31, 2012. Based on the determination. As of the date of the board meeting, Xiamen Hongfa's audit and evaluation work is in progress, and the specific evaluation value has not been determined. After the completion of the work, the company will announce it separately. At the same time, the company agreed to sign the Capital Increase Agreement for Xiamen Hongsheng Sound Co., Ltd. with the conditions of the effective conditions of Xiamen Hongfa and Hongfa.


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