Investors, shareholders and financial profiles of BridgeLux

Deep science and technology in July 20, 2015 and July 21, 2015 respectively issued "on the development of overseas equity acquisition of the quasi crystal announcement" (2015-043) and "on the development of overseas grain equity acquisition notice" (2015-.044), the development of crystal for the company holding 47.88% of the joint venture company, is China electronic LED industry development platform, according to the needs of the future development of the strategic layout and development group of LED crystal, LED chip and packaging Bridgelux in the world have the technology advantages of patents based on the development of crystal subsidiary Waterhouse Rui on the evening of July 20, 2015 and FORTISADVISORSLLC (Bridgelux on behalf of all existing shareholders) signed "merger agreement and plan", Price Waterhouse Rui to $130 million acquisition of BridgeLux100% stake.

The basic situation of the investor (the acquisition entity)

The acquisition of Bridgelux stake will be the development of crystal and Chongqing airport jointly set up the global Price Waterhouse investors completed, the outline is as follows:

1, the development of crystal lighting (Xiamen) Co., Ltd. (hereinafter referred to as "the development of crystal") for the company and the development of crystal EpistarJVHolding (BVI) Co., Ltd. (Jingyuan is a wholly owned subsidiary of Au Optronics Co), guanjing billion (Fujian) Co. Ltd. (photoelectric electronics is a wholly owned subsidiary of Limited by Share Ltd (BVI), CountryLighting Co., Ltd.) in Xiamen jointly set up a joint venture, incorporated in April 2011, the registered capital of $120 million, the shareholders were holding 44%, 40%, 9%, 7% stake in the company is mainly engaged in research and development, manufacturing and sales of LED wafer, chip, LED light source module, LED light source and LED lamps, and provide the related customer service service. The development of crystal since the operation, business development smoothly, the first phase of the project 30 sets of MOCVD equipment have been put into full production, production in good condition; the two phase will increase 60 sets of MOCVD equipment, including 8 sets of 24 sets of production, installation and debugging, the remaining 28 units is expected in the second quarter of next year at the beginning of production. After the completion of the two phase, the development of crystal MOCVD devices will reach 90 units, will have a capacity of 4 inches epitaxial production of 1 million 200 thousand.

2, Chongqing Airport Development Investment Limited (hereinafter referred to as "Chongqing airport") Chongqing airport was founded in November 2014, registered in Chongqing, the initial registered capital of 1 billion yuan, Chongqing city is Yubei District's largest state-owned company, the company's main business is to use its own funds to carry out industry, equity investment, in 2015 the company asset is expected to reach 10 billion yuan, the future will become the invading metropolitan area development and construction of strategic investment platform, strategic capital operation platform and the largest strategic financing platform.

3, Chongqing Pu Rui optoelectronics Co. Ltd. (hereinafter referred to as "Waterhouse Rui") for the development of crystal and Price Waterhouse Rui Chongqing airport in Chongqing jointly set up a joint venture, incorporated in July 2015, the company registered capital of 801 million 313 thousand and 900 yuan, of which the development of crystal to self fund invested 641 million 51 thousand and 100 yuan, holding 80% stake in Chongqing airport invested 160 million 262 thousand and 800 yuan, holding 20% stake, the company is mainly engaged in research and development, test photoelectric products and related technical services; engineering and technology research.

Bridgelux major shareholders:

Basic situation

(1) VantagePointVenturePartners, BridgeLux's largest shareholder, holding 62337300 shares, accounting for 25.69% of the equity, the company was founded in 1996, is the world's first large Vc firm clean technology of great potential, $4 billion 500 million fund management at present, the company invested heavily in clean technology, information technology, healthcare and financial services project.

(2) DollCapitalManagement, BridgeLux as the second largest shareholder, holding 42521001 shares, accounting for 17.52% of the equity, the company was founded in 1996, with $1 billion 600 million in funding, has set up 5 funds in the world mining in the early stages of development, to cultivate the enterprise incubator, which digital media, wireless communication, semiconductor and software outsourcing is the the focus of investment.

() ELDorado, the third largest shareholder of BridgeLux, holds 24920864 shares, representing a total of $10.27%.

2, VantagePointVenturePartners, DollCapitalManagement, ELDorado and other small shareholders (except for the development of crystal) with the company and the company holding more than 5% shareholders, the actual control of the business, property, assets, debts, personnel and other aspects of the relationship does not exist.

Ownership structure chart

Financial situation: unit: USD

Divestiture of assets acquired

Smartlighting (smart lighting) is Bridgelux in 2014 began research and development projects, so far there is no actual sales, but there is a big loss for the project development costs, at present, the development of business there is great uncertainty and risk, based on this, Bridgelux in smartlighting on the business, assets will be in the equity before delivery the completion of the separation and transferred to the newly established company, the remaining assets will be retained, that the acquisition does not include the divestment business, which will help to improve the financial situation of Bridgelux.

Bridgelux will be in accordance with the original shareholder structure, smartlighting will split into a new company, the new company is independent of the main Bridgelux, will be engaged in smart lighting business, and Bridgelux business do not overlap mutually, share the development of crystal in the new company will be free to increase to 19.9%, the future of the new company will expand business cooperation with Bridgelux, to purchase Bridgelux the required parts etc..

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