Give up on the development of crystal Linsen capital priority subscription rights, a subsidiary of the "tonic"

Today morning, Linsen (hereinafter referred to as "the company") announced in December 25, 2017 the company held the third meeting of the nineteenth board of directors considered and adopted the "about to give up on the shares of companies to increase their investment priority subscription rights bill".

The company said, in order to accelerate business development, to further improve the development of Limited by Share Ltd shares Linsen lighting (Xiamen) Co., Ltd. (hereinafter referred to as "the development of crystal") of the ownership structure, the company agreed to the development of crystal of the capital increase plan and abandon the priority subscription right. After the completion of the capital increase, the company for the development of crystal proportion will increase from 17.34% to 25.13%, the development of crystal is still the company's share company.

The ownership structure of the capital after the development of crystal (unit: million)

Statistics show that the development of crystal was founded in Fujian in 2011, mainly engaged in LED epitaxial wafer, package module and other LED lighting products R & D, manufacturing and sales, customer service and provide related services, business scope covers, LED epitaxial chip link the whole industry chain in the packaging module, lighting applications all aspects of the industry chain, with low cost and the advantages of high efficiency, we have coordinated development, ability to provide LED solutions for customers. As of now the development of the eutectic MOCVD equipment 87 Taiwan, has an annual output of 4 inch extension of more than 1 million 600 thousand pieces of production capacity, and has built 8 COB and 31 EMC packaging packaging line line, have 800K/ months and 178KK/ months 20WCOB package EMC package capacity, the yield rate has reached the international standard production. Operating in good condition, with the yield of large customer demand gradually increased.

M.L.S. said company to abandon the development grain increase priority subscription rights, mainly for the optimization of ownership structure, the development of crystal crystal meet the development demand of the development funds to accelerate the development of crystal listing process, enhance the company's future capital premium income. The development of crystal after the completion of the capital increase, is conducive to enhancing the management power and vitality of enterprises, in general, the company give preferential subscription rights will not have a significant impact on the company's future investment income.

In addition, M.L.S. also announced, according to the "Jinggangshan Economic Development Zone on the support of" 1+3 "industrial development Interim Measures" (wells word [2017] No. 42) regulations, a wholly owned subsidiary of Jiangxi province Linsen Lighting Co. Ltd. (hereinafter referred to as "Jiangxi Linsen") recently received the Jinggangshan economic and Technological Development Zone the Management Committee issued a government subsidy grant funds 66 million 417 thousand yuan, these funds have been allocated to the company account Jiangxi M.L.S. This received government subsidies, is expected to increase the company's profit of 66 million 417 thousand yuan.

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