On the ground of 496 million set by the program to expire

KingSun Friday (day 31) evening announcement that the shareholders of the general assembly in July 31, 2014 passed the "on the Dongguan KingSun Au Optronics Co non-public offering of A shares of the motion program", because there has been no substantial progress in the 12 months after Chinese, according to the relevant provisions of the Commission, the non automatic failure of public offering plan.

According to the previous announcement, KingSun intends to price 12.30 yuan / share, issued 40 million 330 thousand shares to one of the company's actual controller Li Xuliang, Li Xuliang will be in RMB in cash to subscribe for the all non issuance of shares. The proposed increase in the total amount of funds to be raised not more than 496 million yuan, after deducting the cost of the issue to be used to supplement the company's liquidity.

KingSun said, after the company such as the re launch of the financing plan, will be held in the board of directors and the shareholders' meeting to review, decision and announcement.

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