NVC, Yankon and Audio News.

NVC HK $500 million of convertible bonds to fund Guoyuan

NVC Guoyuan Investment Fund announcement, to issue 500 million yuan of the total dollars of convertible bonds. Bondholders may be based on the initial price of HK $0.925 per share, compared with the previous day, the market price of a premium of about $6.32%. Convertible bond interest rate of 7.8 per cent, if the full exchange of shares, the company will issue up to 540 million shares, accounting for approximately 20% of the issued share capital after the expansion of about $14.73%. The proceeds will be used for general corporate purposes, business development and working capital requirements.

NVC was sentenced to guarantee the compensation agreement 60 million RMB

NVC announced, the bank announced in April 14th last year, former director Wu Changjiang said on behalf of the company, a wholly owned subsidiary of NVC China signed a guarantee agreement claims 60 million yuan of matters, company recently received the Chongqing fifth intermediate people's court made a judgment on the legal proceedings, shall be ordered China NVC to the bank to pay 60 million yuan plus interest and expenses and take Chongqing Huabian lamps a loan to provide joint liability guarantee.

Effect of China is the judgment of the NVC seeking legal advice.

Ms. Zhou Yamei served as chief financial officer for sun lighting

Yankon 21 evening announcement, the seventh session of the thirteenth meeting of the board of directors held on May 20, 2016 by telecommunication voting, by the board of directors serious discussion, unanimously approved "on the appointment of Ms. Zhou Yamei as director of finance bill". Because the company has received Mr. Wu Jie's resignation of chief financial officer, officer nominated by the general manager of the company Yong, Ms. Zhou Yamei appointed as chief financial officer of the company, the board of directors approved since the date to the date of the expiry of the current board.

Acoustics shareholders Shenan joint pledge of 40 million shares to Huaxin securities

The evening of May 21st, Shanghai audio announcement, the company received the second largest shareholder of Shenan joint letter: Shenan joint on May 20, 2016 in Chinese Securities Depository and Clearing Co., Ltd. Shanghai branch will hold its audio stock in 40 million shares of restricted shares pledged to the China Fortune Securities Co, pledge period of equity pledge registration date to the pledgee in the China Securities Depository and Clearing Corporation Limited Shanghai branch pledge to lift the date.

Up to now, Shen An jointly held 168442082 shares of the company's shares, representing the company's total share capital of 17.10%, of which the shares are tradable shares for the sale of the shares, the shares are limited to the sale of tradable shares of the stock of 138885482. After the pledge of the shares, the number of shares of the total amount of Shen An joint pledge of 118800000 shares, representing the company's total share capital of 12.06%.

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