Can LED and poly photoelectric Taigu photoelectric factory signed a strategic cooperation agreement

Yesterday (23) evening, poly Chan photoelectric Polytron Technologies Inc (hereinafter referred to as "poly Chan photoelectric" or the "company") announced the company and Taigu photoelectric Polytron Technologies Inc (hereinafter referred to as "Taigu") signed a "strategic cooperation agreement (hereinafter referred to as the" agreement "). Taigu Taiwan Stock Exchange listed company, the main business for the Gan light emitting diode silicon epitaxial wafers and grain.

According to the agreement, the company to purchase 4 Taigu monthly "extension piece, the first half of 2018 the monthly purchase amount 4inch = 1 + 2 thousand, the second half of the month purchase quantity 4inch = 1.5 + 4 thousand, the month of 2019 purchase quantity 4inch = 2 + 4 thousand, but is still in accordance with the market demand to adjust the number of live. The cooperation between the two sides for a period of 2 years, from January 1, 2018 to December 31, 2019.

Poly bright photoelectric said both sides based on good faith, both long-term development based on strategic considerations, decided to work together, combination, LED wafer, chip areas of cooperation. The normal implementation of this cooperation will help expand the company's business, is conducive to further expand the company's scale and cost advantages, enhance the core competitiveness of the industry and the company's influence.

The same evening, together can photoelectricity also announced that a wholly owned subsidiary of poly Chan photoelectric technology (Suqian) Co. Ltd., hereinafter referred to as "Suqian poly Chan") intends to Suzhou purification engineering installation Co. Ltd., Jiangsu Sujing Technology Co. Ltd. signed major contracts. According to the announcement, poly Chan Suqian intends to respectively 10850000 yuan, 126350000 yuan to Suzhou and Jiangsu Sujing purification technology equipment procurement.

According to the announcement, the purchase agreement signed for poly Chan Suqian required according to the production and business operation, purchase of equipment or plant infrastructure, in the long term, for the company to expand production capacity, reduce operating costs, enhance core competitiveness, has a positive impact. However, due to the long construction period, and the return on investment uncertainty, the impact on the company's performance in the short term.

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