Focusing on three main businesses, LED and lithium batteries, Shunchang plus capital plus capital reduction.

Earlier this morning, Shunchang ocean (hereinafter referred to as the "company") issued a number of announcements, of which two were separately about capital increase and capital reduction, that is, the increase of 100 million yuan, the Jiangsu Tian Peng Power Supply Company Limited ("Tian Peng power"), and the subsidiary Zhangjiagang Changsheng rural microfinance Limited ("prosperous small loan") to reduce the registered capital of 50 million. Yuan.

100 million yuan to increase capital subsidiary Tianpeng power supply, plus lithium battery business

According to the announcement, the company's controlling subsidiary, Jiangsu green Wei Li Energy Co., Ltd. ("Jiangsu green Wei") intends to use its own real estate "Su (2018) Zhangjiagang real estate No. 0045640" and other assets in the form of net book value + self cash in July 31, 2018 as a total of 100 million yuan for its wholly owned subsidiary Tianpeng power. Increase capital, increase its registered capital 100 million yuan, after the completion of capital increase, the registered capital of Tian Peng power is changed to 400 million yuan.

Statistics show that the main business scope of Tian Peng power supply includes R & D, production and sales of Li ion batteries, automotive power lithium batteries (lithium batteries, battery modules, battery equipment and application systems), providing related technical services, and self import and import of various commodities and technologies.

Shunchang ocean has said that in view of the main production body of Tian Peng's green lithium battery business, its main production body is its wholly-owned subsidiary, the power supply of Jiangsu. The power of Tian Peng has been highly recognized by customers in more than 10 years of research and manufacture of lithium batteries. The main qualification and certification of Jiangsu green Wei (including Tian Peng power) lithium battery business are all known as "Tian Peng power". Carry out righteousness. Jiangsu green Wei's existing plant, land and other assets are also used by Tian Peng power supply to increase the capital power of Tian Peng, which is conducive to straighten out the assets relationship, contribute to the construction and development of the company's power lithium battery project, enhance the image of Tian Peng power company, and make the lithium battery business bigger and stronger.

The subsidiary's prosperity small loan intends to reduce 50 million registered capital and focus on three main businesses.

In addition, the company's subsidiary prosperous small loan to reduce the registered capital of 50 million yuan, the registered capital from the original 200 million yuan to 150 million yuan, each shareholder in the proportion of capital contribution to reduce capital.

Australia and Shunchang indicated that with the gradual formation of the three major business patterns of metal logistics, LED and lithium batteries, the proportion of small loan business accounted for a gradual decline in corporate profits. In 2017, the contribution of small loan business to the net profit attributable to the listed companies accounted for only about 1.71%. As a non core business of small loan business, the company gradually reduced the scale of small loan business. In 2017, Changsheng small loan reduced its registered capital from 300 million yuan to 200 million yuan. On this basis, this once again reduces the registered capital of Changsheng small loan by 50 million yuan, which is in line with the company's development strategy.

This prosperous small loan reduces the registered capital and has no significant impact on the company's business operations. Each shareholder reduces its registered capital in proportion to the capital contribution. After the capital reduction is completed, the shareholding ratio of the company holding the prosperous small loan will not change, and still hold 42.84% of its equity.

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