LIAN opto and EF international LED Industry joint ventures

Jiangxi LIAN photoelectric Polytron Technologies Inc (hereinafter referred to as the "LIAN" Stock Code: 600363) 31 disclosure, the company's largest shareholder Jiangxi Electronics Group Company and International Investment Company Limited (hereinafter referred to as the "international") will be in Nanchang high tech Development Zone, together with the investment to set up a joint venture of LIAN Electronics Co. Ltd. (hereinafter referred to as the "LIAN"), dedicated to electronic LED industry bigger and stronger company. LIAN photoelectric announcement said, to actively promote the LIAN photoelectric company "one of the three main support" industrial development strategy, further LED industry bigger and stronger company, group company made the above decision. LIAN electronics registered capital of 300 million yuan newly established, the Group invested 120 million yuan, accounting for 40% of the registered capital; international invested 180 million yuan, accounting for 60% of the registered capital. LIAN Electronics was founded, LIAN intends to acquire the 29.8% photoelectric group company holdings; invested 600 million yuan in 5 years, LIAN and LIAN to build the photoelectric video two science and Technology Park in Nanchang hi tech Development Zone, the development of LED laser, semiconductor device, camera module, LCD TV / monitor four industries. LIAN electronics sales in 2008 is expected to reach about 1 billion 500 million yuan, in 2010 sales revenue reached RMB 6 billion yuan. Taiwanese background LIAN electronic controlling shareholder EF international and sensitivity of the Jiangxi LIAN communication company based on the industry, the company intends to acquire LIAN photoelectric held in Jiangxi LIAN Communication Co., Ltd. 96.55% stake and century securities limited liability company 10 million shares of stock, the two sides agreed on the 31 December 2006 audited net asset value to confirm the transfer price Jiangxi Province, electronic group company with cash transfer. LIAN photoelectric independent director believes that with the background of Taiwan's International Investment Co. Ltd. will become LIAN photoelectric actual controller and is committed to the development of the LED industry, high sensitivity, and stripping the leading products of the company are not related to the LED industry, military products industry of Jiangxi LIAN Communications Co. Ltd., cleaning management state and deterioration of the century securities the limited liability company 10 million shares move in line with the development of strategic planning and corporate interests.