LIAN photoelectric dissolution LIAN LIAN crystal and give priority to the right to give up communications

Jiangxi LIAN in March 8th announced that the sixth session of the twentieth meeting of the board of directors approved "on the liquidation of Jiangxi LIAN Crystal Bay photoelectric Co. bill", in order to safeguard the interests of shareholders and creditors, to avoid greater losses, agreed to the company dissolution and liquidation of Jiangxi LIAN Crystal Bay photoelectricity Co. Ltd. (hereinafter referred to as the "LIAN Crystal Bay" the board of directors of the company), the Licensing companies management, in accordance with legal procedures to handle the relevant formalities of liquidation. The company will set up a liquidation team to clean up the existing assets and liabilities, properly handle the in-service staff, in accordance with the statutory procedures for the dissolution of liquidation.

The company also announced the same day, the company intends to participate in the company's shareholders in the northern part of LIAN communications and Investment Co., Ltd., Jiangxi intends to transfer its 16% stake in the northern part of the LIAN communications. With a net worth of the North LIAN Co. Ltd. in December 2015 31 audited 228446925.91 yuan pricing basis, the transfer price of net asset value accumulated undistributed profit corresponding to the north after the 16% stake in LIAN communications. According to the company's development strategy, the company decided to give up the right of priority.

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