Expand the integrated circuit business three subsidiary intends to more than $200 million acquisition of universal

Sanan optoelectronics today announced that a wholly owned subsidiary of Xiamen Sanan integrated circuit Co. Ltd. (hereinafter referred to as "an integrated company") intends to own funds totaling $monetary transaction total price of 226000000 yuan with the Cayman Islands's semiconductor Cmi Holdings Ltd Huanyu communication (hereinafter referred to as "GCS" or "universal"), all equity GCS to fully diluted calculation, including but not limited to ordinary shares (including shares, limited employee rights) Switching Company debt after the full conversion to issue shares and employee stock option is exercised in full after the document issued shares, the two sides signed the "letter of intent".

Huanyu company was founded in 1997 in California city of Taiwan in torun, over-the-counter OTC listed (code 4991), mainly engaged in GaAs / InP / GaN high order RF and optoelectronic element compound semiconductor wafer foundry, intellectual property licensing and advanced optoelectronic products research, development, manufacturing and sales operations, to provide full the production range of services from product concept, research and development, technology products to. In addition to its own process technology, universal company also provides the entire plant input services, including the transfer of process technology, verification, product testing to mass production services.

An optoelectronic said the investment with GCS in line with the company's development plan, after the completion of the merger, can quickly drive the three across the RF communication and optical communication components technology and patent platform, advanced international management concept, broad international customer network and the company's existing business technology and capacity complementary, integrated circuit for the company quickly upgrade technology the ability to develop new business scope, and explore the overseas market to provide a strong guarantee; is conducive to speed up the development process of the company's integrated business, expand the business scope and scale, improve the company's profitability, enhance the company's core competitiveness, realize the benefits to shareholders as soon as possible.

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