Qin, semiconductor lighting business shall be transferred to a wholly-owned subsidiary

Yesterday (25) evening, Dongguan KingSun Au Optronics Co (hereinafter referred to as the "company") announced the fourth session of the eighth meeting of the board of directors approved "on the transfer to a wholly owned subsidiary of semiconductor lighting business related assets and liabilities of the bill".

According to the announcement, the company's semiconductor lighting business related assets and liabilities shall be transferred to a wholly-owned subsidiary of Au Optronics Co (hereinafter referred to as "Qinshang KingSun"). The transfer is completed, the company production and operation of semiconductor lighting business shall be responsible for the work of kingsun. Specific transfer plan: the company as of April 30, 2017 and the transfer date of semiconductor lighting business related assets 1 billion 862 million 519 thousand and 400 yuan, liabilities 530 million 728 thousand and 700 yuan according to the net book value of 1 billion 331 million 790 thousand and 700 yuan (Unaudited) free transfer to kingsun.

The company said that the transfer of company of semiconductor lighting business related assets and liabilities, is to adjust the company structure in the consolidated financial statements within the scope of the implementation of business integration, will help to optimize the internal resources of the company and the business structure, improve the overall management efficiency, promote the company better development.

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