A group of 716 million yuan to sell 17.43% stake, shares resume trading today

Today morning, a group (hereinafter referred to as the "company") announced that the company's controlling shareholder, actual controller Deng Zichang, Deng Ziquan, Deng Zihua, Deng Zixian (hereinafter referred to as "Tang brothers") and Nanchang Optics Valley Group Limited (hereinafter referred to as "Nanchang Optics Valley"), Nanchang Xinwang capital enterprises (limited partnership) (hereinafter referred to as the "international capital") signed the "share transfer agreement", Deng's brother by way of the transfer agreement will be its total holdings of tradable shares in the company 78478085 shares transferred to Nanchang, Optics Valley will be 59258158 shares tradable shares transferred to our capital, transfer the total tradable shares 137736243 shares, representing 17.43% of total share capital.

At the same time, Deng brothers agreed to the company held 99217377 shares (representing the total share capital of 12.56%) of the voting rights irrevocably entrusted to the Nanchang Optics Valley exercise, agreed to 59258158 shares (Xinwang capital accounted for 7.5% of total equity) corresponding to the voting rights and the nomination and proposal right irrevocably entrusted Nanchang to Optics Valley, Nanchang and Optics Valley will directly hold 78478085 shares of the company shares, representing 9.93% of total share capital, at the same time, Nanchang Optics Valley by voting delegate way holds shares 158475535 shares, representing 20.06% of total share capital, therefore, the number of shares of Nanchang Optics Valley have the right to vote in the company for a total of 236953620 shares, accounting for the company's total share capital of 29.99%.

Data show that the transfer of shares, Deng's brother holds shares 328591208 shares, representing the company's total share capital of 41.59%, of which 137736243 shares tradable shares, representing 17.43% of total share capital. The transfer of shares, Deng's brother holds shares 190854965 shares, representing 24.16% of total share capital. This agreement after the completion of the transfer, the company's controlling shareholder will change by Deng's brother to Nanchang in Optics Valley, the actual controller to change to Wang Min.

The relationship between the actual control chart after the transfer of equity

A group said, this transaction is subject shares Deng's brother legally held rectangular group of 78478085 shares tradable shares, accounting for 9.93% of the total equity of the group. The closing price of the underlying stock transfer price reference group shares 90% March 19, 2018 a calculation, determined to 5.20 yuan / share, the total price of transfer of shares totaling 408086042 yuan.

It is reported that Nanchang Optics Valley legal representative Wang Min, is China's leading enterprises of optoelectronic technology, with the intellectual property of the silicon substrate LED original technology, this technology has broken the monopoly in the United States, Japan LED technology field, and won the first prize of national technological invention award. Company to the silicon substrate LED technology as the core, around the LED industry layout, with the government, universities and research institutions of cooperation, to promote the original technical advantages into industrial and industrial scale LED.

Our business capital is dominated by a foreign investment and investment management limited partnership, including the scope of business: foreign investment, investment management.

A group also said that our capital and subject of this transaction is Party B shares the lawful holder of the rectangular group 59258158 shares tradable shares, accounting for 7.50% of the total equity of the group. The closing price of the underlying stock transfer price reference group shares 90% March 19, 2018 a calculation, determined to 5.20 yuan / share, the total price of transfer of shares totaling 308142422 yuan.

In addition, a group also announced that, according to the relevant regulations, the company apply to the Shenzhen stock exchange, the company stock (securities referred to: a group of securities code: 300301) on March 28, 2018 opening date for the resumption of trading.

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