M.L.S.: investment of Sun company, merger, cancellation of liquidation of subsidiaries

Yesterday (16) evening, Linsen Limited by Share Ltd (hereinafter referred to as "Rawlinson" or the "company") released 3 Announcement continuously, involving investment companies to set up wholly-owned sun, a wholly owned subsidiary of the company merged with its wholly-owned subsidiary, liquidation and cancellation of subsidiaries.

According to the announcement, a wholly owned subsidiary company M.L.S. Co. Ltd. (Hongkong) (hereinafter referred to as "Hongkong Woodlans") intends to use the self financing in Ji'an City, Jiangxi Province set up its wholly-owned subsidiary (Ji'an) Co., Ltd. M.L.S. (hereinafter referred to as "Ji'an Linsen"), Linsen Hongkong intends to cash invested 30 million US dollars, accounting for 100% of the registered capital.

The establishment of Sun company, help to optimize the product structure, enhance the company's profitability and anti risk ability, long-term will be conducive to the smooth implementation of business strategy to upgrade, there is no damage to the interests of the shareholders of the listed company or the situation.

Secondly, in order to reduce the level of management, reduce management costs, improve operational efficiency, the third session of the eleventh meeting of the board of directors and through "on the wholly owned subsidiary of the company merged with its wholly owned subsidiary of the motion", the company agreed to a wholly owned subsidiary of Jiangxi Province Mu Linsen Photoelectric Technology Co. Ltd. (hereinafter referred to as the "Jiangxi Mu Linsen photoelectric absorption") with its wholly-owned subsidiary of Jiangxi Mu Linsen semiconductor materials Co. Ltd. (hereinafter referred to as the "Jiangxi Mu Linsen semiconductor"). After the completion of the merger, Jiangxi Woodlans photoelectric surviving operations, Jiangxi Woodlans semiconductor independent legal person qualification shall be cancelled.

The merger is conducive to the unified management of the company's business operations, reduce management levels, reduce management costs, improve operational efficiency and maximize the interests of the company.

In addition, the company's overall business strategy and planning considerations for the integration and optimization of existing resources, reduce management costs, improve the company's overall operating efficiency, the company intends to cancellation of a wholly owned subsidiary of Shenzhen molison photoelectric Agel Ecommerce Ltd (hereinafter referred to as the "forest Sen photoelectric"), in May 16, 2017 the company held the third meeting of the eleventh board of directors approved the "on the liquidation and cancellation of a subsidiary of the motion", the meeting decided to terminate the operation of dissolution and liquidation of the photoelectric Rawlinson, according to law, and the management of the Licensing companies in accordance with the law for the liquidation and cancellation of related matters.

According to the announcement, Linsen photoelectric was founded in 2014, the main business scope includes Jiezhuang building materials, lighting, electronics, digital products, furniture accessories and other online sales, online information consulting, business consulting, computer network technology development, (laws and administrative regulations, the State Council decided to ban the project except restricted items must be obtained permission the operation). As of March 31, 2017, Shenzhen molison photoelectric Agel Ecommerce Ltd financial data (Unaudited): total assets of 3177111.88 yuan, net assets of 2961681.05 yuan, the first quarter of 2017 net profit of -547721.06 yuan.

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