Alto Electronics: to a wholly owned subsidiary of QianBaiHui lighting capital 60 million 900 thousand yuan

Alto electronics company announced 26 days, using some of the funds raised to a wholly owned subsidiary of Shenzhen city QianBaiHui Lighting Engineering Co. Ltd. (hereinafter referred to as "QianBaiHui") to increase 60 million 901 thousand and 300 yuan, of which 48 million 760 thousand yuan included QianBaiHui registered capital, the remaining 12 million 141 thousand and 300 yuan included in capital surplus qianbaihui. After the completion of the capital increase, the number of registered capital will be increased from 51 million 300 thousand yuan to 1000 yuan to $100 million 60 thousand, its ownership structure does not change, the company will hold a stake of 100%.

Alto electronics said the company used to raise funds to the wholly owned subsidiary of QianBaiHui capital, according to the company's non-public offering to raise funds on matters of implementation arrangements, the increase will help to promote the construction of investment projects, to raise the efficiency of the use of funds raised, in line with the company's development strategy in line with the company, and the interests of all shareholders.

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