A total investment of over 1 billion, the "Xinyu Linsen LED Lighting Kit project"

The evening of January 17th, M.L.S. announced that, at present, the company is planning to acquire OSRAM peel engaged in the establishment of general lighting business LEDVANCE, so the company's strategic planning has been adjusted, the future MLS parent company and a subsidiary of the existing business will focus on the LED package and the application of LED lighting and LED lighting components, business will focus on in LEDVANCE or by outsourcing production.

Therefore, the company decided to apply for the first phase of the construction of Xinyu LED lighting project changed to Xinyu LED lighting components project". After the change of equity investment projects will be built in a LED display panel and LED lighting indoor lighting board production base in Jiangxi Xinyu high tech Zone, the project design annual production capacity of 15 million 903 thousand and 300 square meters, total investment amounted to 1 billion 35 million 299 thousand and 100 yuan.

After the change of the total investment project investment of 1 billion 35 million 299 thousand and 100 yuan, of which the amount of funds raised to invest $756 million 811 thousand and 100, the amount of funds raised to invest in the project before the change is consistent with the investment, mainly for investment projects

In the construction of equipment purchase and part of the installation and renovation costs, raise investment project address also remain unchanged. As of now, Xinyu LED lighting the first phase of the construction project "has been used to raise funds 251 million 332 thousand and 500 yuan, the company intends to own funds to the above has been used to raise funds, the return of the funds will be used for the project of Xinyu LED Lighting Kit after the change"".

Rawlinson said that this equity investment projects change is necessary to adjust the company to adapt to the development of the latest enhancement of the core competitiveness of the company. The completion of the project implementation will further strengthen the company's core competitiveness in the field of LED packaging and assembly, to adapt to the project change and the future of the company's main business development, to create synergies, reduce product cost, enhance the market competitiveness and profitability, in line with the needs of the company to implement long-term strategic planning.

Previously, the company's non-public offering of RMB ordinary shares (A shares) 83 million 827 thousand and 900 shares, issue price of 28.01 yuan per share, raising a total of 2 billion 348 million 20 thousand yuan, net of issuance costs 32 million 280 thousand and 600 yuan, the company raised funds for 2 billion 315 million 739 thousand and 400 yuan net. The non-public offering is not more than 2 billion 315 million 739 thousand and 400 yuan net proceeds after deducting the issue fee, the proceeds will be used for the following 3 projects:

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