M.L.S. signed a major asset restructuring framework agreement

Our announcement that the company in September 28th, and the harmonious mingsum (Yiwu) Photoelectric Technology Co. Ltd. all shareholders signed "the issuance of shares and payment of cash to buy assets framework agreement" (hereinafter referred to as the "framework agreement").

The main body of the agreement includes:

Party A: Linsen Limited by Share Ltd

Party B: all the shareholders of the harmonious Ming (Yiwu) Photoelectric Technology Co., Ltd.

Party A: Yiwu harmony core equity investment partnership (limited partnership)

Executive partner: Zhuhai harmony excellence Investment Centre (limited partnership)

Party B two: harmony Zhuo Rui (Zhuhai) Cci Capital Ltd

Notice that the first party intends to non-public offering of shares and payment of cash, the acquisition of the underlying assets held by Party B. At the same time, Party A intends to not more than 10 specific investors non-public offering of shares to raise matching funds.

The program is still in the demonstration phase, the parties agreed to the trading scheme, the base date, stock / cash payment ratio, stock price, the number of shares issued to raise matching funds of specific programs, the use of funds, the lock up period of further consultations and make clear agreement signed in the trading agreement.

Announcements, harmonious mingsum (Yiwu) Photoelectric Technology Co. Ltd. ((hereinafter referred to as the "Ming core photoelectric") is a Special Purpose Company (SPV), itself is not the actual business, the SPV intends to buy LEDVANCEGmbH (a company under German law (LEDVANCELLC), a company established under the laws of the United States () LEDVANCEGmbH and LEDVANCELLC are collectively referred to as LEDVANCE) 100% stake. LEDVANCE main LED lighting related business.

Mingsum photoelectric controlling shareholder of Yiwu Ming harmonious core equity investment partnership (limited partnership) (hereinafter referred to as "harmonious mingsum"), the partnership for excellence and harmony of Zhuhai Linsen Investment Center (limited partnership), the number of harmonious Hao Investment Management (Beijing) Limited company of state-owned capital operation center, Yiwu city together funded. Harmony and excellence as a partner in the implementation of harmonious core.

The harmonious Ming core subscribed and contributive ratio

On the same day issued a "wooden Linsen third board resolution announcement" the first meeting, the meeting examined and adopted the "motion" on the issue of corporate bonds. The total amount of the bonds issued by the company does not exceed 2 billion yuan (including $2 billion), you can issue or issue a one-time. The issuance of corporate bonds to raise funds to be used to repay the company's debt, optimize the structure of the company's debt, to supplement working capital.

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