Allring acquisition targets to the new layout, Hongli car project

Million run technology intends to acquire new movements in Vientiane, Beijing

Allring technology planning for the acquisition of assets, suspended since May 9, 2016 opening, up to 2 months, yesterday evening allring technology released to continue the suspension announcement, the announcement that the purchase of assets of the target company for Beijing Vientiane New Mobile Technology Co. Ltd., is the Internet advertising media company, the controlling shareholder of Yujiang County Vientiane new investment management center (limited partnership), the actual control of Yi Pingchuan, and the company and the company controlling shareholders and actual controllers of the relationship does not exist.

Million run technology, said the company is currently tentatively determined to issue shares and to pay cash and to raise matching funds to buy 100% stake in the new mobile Beijing technology co.. At present, the company and the counterparty on the issuance of shares to buy assets of positive and effective negotiation and argumentation, signed the "Shenzhen wealthrun Polytron Technologies Inc and Beijing Vientiane new mobile technology company shareholder equity transfer framework agreement".

Hongli subsidiary investment 98 million yuan investment item company hung Jo LEDIA lighting for three new board

Honglitronic July 11th evening announcement, honglitronic in July 11, 2016 held the third session of the sixth meeting of the board of directors approved "on the wholly owned subsidiary of the foreign investment bill". A wholly owned subsidiary of Hong tzuo intends to invest and Chuzhou economic and Technological Development Zone or its designated investment platform Chuzhou Tongchuang construction investment limited liability company, Chuzhou aochuang electronic investment in Chuzhou economic and Technological Development Zone registered joint venture Anhui Hong innovative energy power system Co. Ltd. (tentative name, last name to industrial and commercial registration quasi. Hereinafter referred to as item company (), mainly R & D, production, sales of new energy automotive electric motor control, power battery systems, intelligent driving and other core parts and components.

Item company registered capital of 200 million yuan, of which, Jo hung to invest their own funds subscribed for 98 million yuan, accounting for 49% equity ratio of the item company; Chuzhou economic and Technological Development Zone or its designated investment platform construction investment subscribed 96 million yuan, accounting for the item company equity ratio of 48%, which is not involved in the management of the company, does not have the right to vote, the right decision not to participate in the item company, dividends, five years after the exit; aochuang electronic subscribed 6 million yuan, accounting for 3% equity ratio of the item company. At the same time, the item company will invest 50 million yuan in Tongxiang Zhonghe new energy automotive industry partnership (limited partnership) indirect shareholding in the United States of Zhejiang New Energy Automobile Co. Ltd, after the investment is completed, the item company held by Tongxiang Zhonghe investment 16.67%, Tongxiang chunghop holds a 75% stake in the car.

At the same time, the meeting also approved "a wholly owned subsidiary of Guangzhou LEDIA Lighting Technology Co., Ltd. intends to start joint-stock reform and apply for the new board listed in the bill". Honglitronic said, in order to mobilize the enthusiasm of a wholly owned subsidiary of Guangzhou LEDIA lighting management team, the company intends to Guangzhou LEDIA overall valuation of not less than 06 months in 2016 30 at the end of the day Guangzhou LEDIA net asset prices, the transfer does not exceed 30% of the shares to the Guangzhou Guangzhou LEDIA LEDIA general manager Liu Yusheng management team a total of 45 people. After the completion of the transfer, Guangzhou LEDIA plans to launch a joint-stock restructuring and apply for listing on the new board.

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