Audio clarification is not true, the resignation of independent director Elec-Tech

To clarify the formation of large-scale European audio salaried employees report is not true only for an intention ceremony

Audio March 24th evening announcement said that recently, some overseas media reports (domestic websites) French Prime Minister Waals before March 21st to the Meuse, and Chinese enterprise "Shanghai electric instrument audio group (INESA) met with representatives of the European subsidiary, its cast factory built stone laying ceremony. The company plans in the euro one hundred million in France, Verdun Meuse investment to build a production LED energy-saving lamp factory. According to the plan, the plant should be completed by the end of 2017, formally put into operation in 2018 to create 200 to 300 jobs. In the construction of the Meuse plant at the same time, INESA also plans to achieve an aspiring acquisition plans, forming a hire 12 thousand to 15 thousand salaried employees of the group in europe.

In this regard, the company said, after verification: the board of directors of the company, general manager of Zhuang Shenan and a wholly owned subsidiary of Beijing Shanghai general manager of a wholly owned subsidiary of INESAEUROPE company, an investment group limited company owned by Meng Zhaoqi in France local time on March 21st in the Meuse production and research and development center of the opening ceremony was held, but did not disclose the investment amount, the company the investment in the construction of LED energy saving lamp factory in local factories, production and other related completion plan, neither formal investment contract, there is no substantial progress in investment. General manager of the company to participate in this ceremony is only a ceremony of intent, rather than substantial investment, only to promote the market in a form.

At the same time, the company also said that in January 29, 2015, a wholly owned subsidiary of Beijing Shenan Investment Group Limited Meuse and French ARELIS group and France Chinese province in the Great Hall of the people in Beijing (jointly signed the "Sino French French agreement to jointly promote energy-saving green lighting". A wholly owned subsidiary of Beijing Shenan Investment Group Co., the company intends to invest 100 million euros in France Meuse built LED production plant and R & D center, by the French Meuse coordination of the French government, in 5 years of the 20 city of France, with EMC (energy management contract) investment model for energy-saving lighting and city lighting and landscaping construction the total planned investment of 3 billion euros.

Finally, the company made it clear that, after consultation with the company's actual controller of Shanghai electric instrument (Group) Co. Ltd., at present did not form a hire 12 thousand to 15 thousand salaried employees of the acquisition plan in Europe, the relevant media reports are not true.

The resignation of independent director Jiang Jingguo

Elec-Tech yesterday evening announced that the board of directors of the company recently received independent directors of the company Mr. Jiang Jingguo submitted a written resignation, Mr. Jiang Jingguo for personal reasons, resigned from the company to apply for the post of independent directors, and resigned from the audit committee, the remuneration and appraisal committee duties. After the resignation came into effect, Mr. Jiang Jingguo no longer hold any position in the company.

The announcement said that due to the resignation of Mr. Jiang Jingguo will lead to independent directors in the board of directors of the ratio of less than 1/3, according to the "on the establishment of independent director system in the listed company's guidance", "independent director system" and "articles of association" and other related regulations, Mr. Jiang Jingguo's resignation will take effect from the shareholders' meeting elected a new independent director, before Mr Jiang Jingguo will continue to perform duties of independent directors.

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