M.L.S. signed a letter of intent with the establishment of a partnership enterprise investment LED

Our May 16th afternoon announcement that in order to give full play to the advantage of all parties, to achieve win-win situation, the company's management decided after discussion, and the number of harmonious Hao Investment Management (Beijing) Co., Ltd. (hereinafter referred to as "harmonious ho number") signed a letter of intent "Limited partnership agreement" (hereinafter referred to as the "letter of intent"). Intends to use its own funds and the number of harmonious ho or its associated companies and other investors jointly set up a limited partnership. Subscribed capital contribution is tentatively set at 500 million yuan, the specific amount will be determined in the formal partnership agreement signed by the parties, the latter can increase the amount of investment and investment in accordance with the investment. By participating in the capital increase, equity transfer and other ways to obtain LED industry quality enterprises equity acquisition of LED industry quality assets. The term of existence of a limited partnership shall be 5 years, after the expiration of the term of the limited partnership, it shall be approved by the general partner and approved by the majority of the partners, which may be renewed for another 1 years.

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