LED to make the layout of the whole industry chain, Siu Chi shares subscribed 22 million Siu Chi lighting 11% stake

Yesterday (16) evening, Shenzhen zhaochi Limited by Share Ltd (hereinafter referred to as "Siu Chi shares" or the "company") announced, with Shenzhen city anodia future management consulting partnership (limited partnership) (hereinafter referred to as "anodia future") signed the equity transfer agreement, the future holds the light let Zhao Shenzhen zhaochi lighting Limited by Share Ltd (hereinafter referred to as "Siu Chi lighting") 11% of the shares (hereinafter referred to as the underlying equity).

Siu Chi lighting was established in March 2017, registered capital of 200 million yuan, the company subscribed 80 million yuan, holds 40% stake in the future, anodia subscribed 120 million yuan, holds 60% stake. But the future has not yet been completed trillion target shares corresponding to the registered capital paid duty, the equity transfer transaction amount is 0 yuan, at the same time shall be borne by the company the underlying equity capital contribution obligation, namely with its own capital of RMB 22 million yuan subscribed 11% stake in Siu Chi lighting.

As of March 31, 2018, the total lighting Siu Chi assets of 173 million 97 thousand and 900 yuan, 128 million 719 thousand and 300 yuan of total liabilities (including bank loans, total current liabilities), accounts receivable totaled 51 million 556 thousand and 800 yuan, or the total matters involved (including guarantee, mortgage, litigation and arbitration matters) 0 yuan, net assets of 4,28 40 thousand and 400 yuan; 2017 annual revenues of 51 million 660 thousand and 100 yuan, operating profit -3067.74 million, net profit -3063.50 million yuan, the net cash flow from operating activities was -3863.66 million.

Siu Chi shares said the foreign investment company to actively create layout to "chip package + + application lighting" as one of the LED industry chain, to further expand the scope of business, through the integration of industry quality resources, to maximize synergies, enhance the company's product market share, in line with the company's strategic Planning And the needs of business development, it is conducive to the further expansion, the downstream market, improve core competitiveness, in the interests of all shareholders. It is uncertain of the impact on the company's 2018 annual operating results.

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