On the ground of the transfer of 1 Yuan Hui Qin investment capital of 99% right amount

KingSun April 5th evening announcement, the company in 2017 04 and 05 March held the fourth session of the second meeting of the board of directors approved "on the signing of the bill", agreed that the company will be held by Guangdong Hui Qin Investment Center (limited partnership) 99% the amount of contribution to the right to 1 yuan price transfers to Guangdong Hui Jun Cci Capital Ltd. The company has signed an agreement on the transfer of the share of the property of the partners, and the company will no longer serve as the limited partner of the industrial investment fund after the transfer.

According to the announcement said that the investment fund in November 14, 2014, KingSun third meeting of the seventh board of directors approved bill, at the beginning of the industrial investment fund size of 100 million yuan, wisdom one industry investment fund general partner, with 1 million yuan investment amount, the total size of the fund 1%, enjoy a general partner the rights and obligations. KingSun industrial investment fund limited partnership, has invested 99 million yuan amount, accounting for 99% of the total size of the fund, to enjoy the limited partners' rights and obligations.

According to the original announcement said that the industrial investment fund investment is mainly used for target enterprises or assets investment in LED lighting, energy saving and environmental protection industry, with the company's mergers and acquisitions and industry integration, and constantly improve the industrial structure, promote the strategic development, consolidate the status of the industry, enhance the comprehensive competitiveness.

KingSun said, the industrial investment fund was established, the company has not yet officially Funded Industrial Investment fund. According to the industrial layout planning and the current development of the company, to further enhance the efficiency of the use of funds, after careful consideration, the company invested with Hui Jun signed the "Guangdong Hui Qin Investment Center (limited partnership) partner property share transfer agreement", the company will hold 99% of the industrial investment fund investment amount of the transfer of rights to the price of 1 yuan to Hui Jun investment limited partner, after the transfer of the company no longer serve as industrial investment fund.

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