Beneficial to LED subsidiary of large photoelectric impact of three new board

Shenzhen sea star Polytron Technologies Inc (hereinafter referred to as the "company" or "company") the fourth session of the fifteenth meeting of the board of directors approved "on the subsidiary of Shenzhen Huida Photoelectric Technology Co., Ltd. intends to apply for listing in the National SME share transfer system of bill", a subsidiary of Shenzhen Huida Photoelectric Technology Co. Ltd. (hereinafter referred to as the "Department of photoelectric") to be in accordance with the relevant national laws and regulations and policy conditions are ripe, the application in the National SME share transfer system (hereinafter referred to as stock transfer system) listing.

As of March 31, 2015, the company's total assets of 23484166.77 yuan, net assets of 16092545.06 yuan; 2015 1-3 month operating income 3660378.65 yuan, net profit -335713.64 yuan (unaudited data). Based on the audit report for the year 2014, the listed company holds a large share of the shares of the photoelectric big 43.86%. The year 2014 listed companies according to the rights of the net profit of -115.98 million yuan, accounting for the consolidated financial statements of listed companies net profit attributable to equity holders of -8.12%; at the end of 2014 according to the rights of the net assets of 7 million 205 thousand and 400 yuan, accounting for listed companies in the consolidated statements attributable to owners of the parent company net assets 1.44%.

It is reported that the production, research and sales department is mainly engaged in photoelectric light-emitting diode LED, Department of photoelectric company and in addition to other than holding subsidiaries are not engaged in the business, there is no competition in the industry the main business and the company Department of photoelectric case, does not belong to the core business of listed companies.

The electric light department intends to apply for transfer system listed on the stock exchange, is conducive to the photoelectric further improve the corporate governance structure, improve the management level, enhance the brand influence, improve the incentive mechanism, stability and attract outstanding talents, expand financing channels, enhance core competitiveness, the long-term development strategy of the company.

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