Overclocking three intends to acquire shengbihe industrial 49.5% stake in new energy dissipation field lateral extension

1 evening, Shenzhen City, three Polytron Technologies Inc (hereinafter referred to as the "overclocking overclocking three" or the "company") announced, Yunnan Tin Company and Refco Group Ltd (hereinafter referred to as the "Tin Group") signed the "equity acquisition agreement of intent".

According to the agreement, the company intends to Yunnan property exchange property trading platform of public bidding, intends to acquire the cash holdings of the tin group of Gejiu shengbihe Industrial Co Ltd (hereinafter referred to as "shengbihe industrial") 49.5% equity (hereinafter referred to as the underlying equity).

According to the announcement, shengbihe industrial was established in 2001, is one of the earliest to enter the field of lithium ion battery materials research, production and marketing enterprises, as the national high-tech enterprises, the main products include shengbihe industrial three yuan materials, lithium cobalt oxide, lithium manganese oxide, lithium iron phosphate cathode materials and lithium titanate anode materials. As of the valuation date (February 28, 2018), shengbihe industrial assess the value of 170 million 835 thousand and 800 yuan, holding a tin group 49.5% equity value of 84 million 563 thousand and 800 yuan.

It is worth noting that, according to the assessment of the value of the target company, Tin Industry Group intends to 94 million 563 thousand and 800 yuan price will shengbihe industrial 49.5% stake in the cloud produced by public listing, while the transferee compensatory shengbihe industrial in Yunnan tin industry 52 million 400 thousand yuan of debt as the intended transferee 49.5% shares right trading conditions. At the same time, tin group according to the requirements of coordination and overclocking three shengbihe industrial in the signing of a formal equity transfer agreement with the former three OC signed the relevant legal documents, can become the superhoo industrial and the compensatory amount is equal to the sum of legitimate creditors makes overclocking three compensatory debt after the.

Overclocking three said the new energy dissipation field is horizontal extension of the company's main business, is also one of the future strategic direction of the company. The company optimistic about the new energy dissipation, especially the field of lithium batteries thermal management market opportunities, as in the past from the PC heat radiating and extended to LED suite, lamps, and now also actively reserve lithium battery cooling and related key components, product technology and develop relevant market. While the superhoo industrial team returned to Japan team of experts, and has nearly twenty years of market practice experience, have good accumulation in the technology market, channels, through equity cooperation will help the company enter the market faster and better.

In addition, overclocking three said that the signing of "equity acquisition agreement of intent and the future" as the successful completion of the acquisition, can better enhance the comprehensive competitiveness of the company itself, but also conducive to better explore the market of new energy dissipation, looking for new profit growth point. In the long run, in line with the company's development strategy and the interests of all shareholders.

Then, three and overclocking released a director and deputy general manager of the resignation announcement. The company board of directors recently received Ms. Kou Fengying, deputy general manager Mr. Dai Yongxiang written resignation. For personal reasons, Ms. Kou Fengying voluntarily resigned as director, deputy general manager Mr. Dai Yongxiang resigned from the company.

According to regulations, Ms. Kou Fengying, Mr. Dai Yongxiang's resignation from the board of directors of the date of submission. Ms. Kou Fengying resigned from the post of director, no longer hold any position in the company. Deputy general manager Mr. Dai Yongxiang resigned as an election for the board of directors of the company will be a candidate.

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