Kim Lai's acquisition of 100% shares in gold; chairman and Dong Fang double change

In the evening of May 2nd, the company announced that in May 2, 2018, the company signed the agreement on the intention to buy stock with Zhou Xixiang and Guangdong Xiang Li Industrial Co., Ltd. (hereinafter referred to as "Xiang Li industry"). The company will buy a 100% stake in Foshan Shunde golden auspicious Electric Co., Ltd. (hereinafter referred to as "Kim Xiang Li").

The announcement shows that Jin Xiang was founded in April 2018, mainly engaged in the research and development, production and sales of AC fans and electric heating furnaces. The establishment of Kim auspicious is mainly to undertake all the assets of Xiang Li industry, including but not limited to technology, personnel, sales network (customer resources) and so on. Since 2004, Xiang Li industry has focused on the research and development, production and sales of fans and electric heating furnaces. All the products have been independently developed and obtained a number of patent certificates, international and domestic certificates and the catalogues of Chinese famous products. The main production products are mainly exported. Over the years, a batch of stable customer resources have been accumulated. In 2017, the operating income was 53 million yuan (without audit). In the first quarter of 2018, the operating income was 15 million yuan (Unaudited).

It is reported that the price of the proposed acquisition is based on the evaluation report issued by a professional assessment agency with a legal qualification, which is not more than 17 million yuan.

Kinlet said that the company intends to acquire the professional technology and talent, market and customer resources of the golden Xiang Li's exchange fan and electric heater and other household appliances through the acquisition of 100% gold Xiang Li, and quickly form the market competitiveness of the fans and electric furnaces to make up for the short board in the field of exchange fans and electric furnaces in the company, and the talent of the company. Technology, business and other advantages complement each other to promote the co development of the company's AC and DC dual purpose fan sales business, so as to improve the company's comprehensive competitiveness in the household electrical appliance industry.

In addition, he also announced that Mr. Jiang Guangyong, the chairman of the company, asked to be the chairman of the chairman of the company because of the reasons for the adjustment of his work. The board of directors elected Mr. Chen Kaiyuan as chairman of the company; the Secretary of the board, Liu Dexiang, applied for the Secretary of the board of directors of the company for personal development reasons, and was temporarily replaced by the general manager Wang Defa. The Secretary of the board of directors. (Editor: LED network James)

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