HC semitek: quasi 2 billion 500 million investment to build the LED project, 500 million capital subsidiary

The day before, HC semitek announcement, a wholly owned subsidiary of HC semitek (Suzhou) Co., Ltd. (hereinafter referred to as the "Suzhou subsidiary company) and Zhangjiagang economic and Technological Development Zone Management Committee of both the" People's Republic of China contract law "and other relevant laws and administrative regulations, the principle of equality, voluntariness, fairness and good faith. In principle, through friendly negotiation, agreement, construction investment, HC semitek in Zhangjiagang economic and Technological Development Zone (Suzhou) Co., Ltd. LED wafer, chip four projects" (hereinafter referred to as the "four project") signed the "Huacan photoelectric (Suzhou) Co., Ltd. LED epitaxial wafers chip four project investment agreement".

According to the announcement, on HC semitek (Suzhou) Co., Ltd. LED epitaxial wafer and chip of the four phase of the project proposal was held in October 20, 2017 of the third session of the sixth meeting of the board of directors through. The project is expected to total investment of 2 billion 500 million yuan, the project site for the intention to be built in Zhangjiagang economic and Technological Development Zone CHENFENG to the north of the road, Rainbow Road South Building in Suzhou subsidiary of the existing factory outside the northwest side of the ground, the construction period of three years. The four phase of the project required about 100 acres of land for construction (including the production of 60 acres of land, 40 acres of land for office life support).

Data show that the first stage project plans to build factories, power plants, epitaxial chip plant and ammonia supply stations and other ancillary buildings, a total construction area of 116118.72 square meters, the transformation of the existing 1# epitaxial plant, 2# chip plant, the transformation area of about 6500 square meters, buy related production equipment. After construction of the project, will form an annual output of LED epitaxial wafers 9 million (2 inch tablet, enterprise occupied) and different specifications of the LED chip production scale.

HC semitek said that the signing of this agreement, in accordance with the company's strategic development needs, is conducive to enhance the future development of space, impetus for the future development of the company. This project as the smooth implementation will contribute to the company's business development, to provide support and guarantee for the sustainable development of the company, through the construction and operation experience, enhance the core competitiveness of the industry and the company's influence on the company's 2017 annual operating income and net profit to the production and operation does not constitute a significant impact on the company's long-term impact. Return is uncertain. At the same time, without a significant impact on the independence of the company's business.

In addition, the following framework agreement on the company in the past three years the disclosure of progress:

On the same day, HC semitek also announced that the company intends to use its own funds to Suzhou subsidiary capital of RMB 500 million yuan, after the capital increase the registered capital of Suzhou subsidiary company is 1 billion 100 million yuan, the company holds a 100% stake.

According to the announcement, the Suzhou subsidiary of the first half of 2017 to achieve revenues of 951 million 440 thousand yuan, net profit of 194 million 330 thousand yuan. Business scope includes semiconductor materials and devices, electronic materials and devices, semiconductor lighting equipment design, manufacturing, sales; self and agent all kinds of goods and technology import and export business.

HC semitek said, this time to the Suzhou subsidiary capital, is the need to consider the business based on the Suzhou subsidiary to enhance capital strength, to meet the "Huacan photoelectric (Suzhou) Co., Ltd. need to build LED epitaxial wafer and chip four project", in line with long-term planning and development needs of the company.

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