LED KingSun 600 million yuan occupation good water capital

KingSun March 16th evening announcement, given the Cci Capital Ltd (hereinafter referred to as the "tulip tulip investment") and Jia Xiaorong has already signed the "Shenzhen Qianhai good water resources management center (limited partnership) partnership agreement" (hereinafter referred to as the "partnership agreement"), according to the partnership agreement and Jia Xiaorong is the Shenzhen tulip investment was established in Qianhai Shenzhen Qianhai good water resources management center (limited partnership) (has been pre approved by the corporate name, still need to complete the business registration). The company and the tulip investment and negotiate with Jia Xiaorong, and Jia Xiaorong agreed in the tulip investment capital, and good water after the establishment of the company's board of directors and shareholders through the audit, the company as a limited partner in adding good water capital investment, the company has invested with the tulip and Jia Xiaorong signed the "Shenzhen Qianhai good KingSun investment partnership water resources management center (limited partnership) (Ni Chengli) fund cooperation agreement".

The announcement said the company plans to fully guarantee the company's daily operations and capital requirements, the normal production and management company and does not affect the effective risk control, and further enhance the company's competitiveness and profitability based multi channel development and implementation of industrial capital, good water capital subscribed for 600 million yuan (down payment of 300 million yuan) and as a limited partner. The tulip as a partner to pay 60 million yuan subscribed capital contribution; Ms. Jia Xiaorong as a limited partner subscribed invested RMB 1 million yuan.

Announcement also said that the purpose of investment in order to fully guarantee the company's daily operations and capital requirements, does not affect the company's normal business activities and risk control, industrial and capital multi channel development. From the point of view of development of the company, on the one hand, beneficial to promote the company's strategic layout, to achieve the company's industrial expansion; on the other hand, is conducive to enhance synergies industry, consolidate and enhance the company's competitiveness and profitability.

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