Riyadh intends to participate in the two equity transaction, first half of the year was increased

Yesterday (5) evening, Riyadh Au Optronics Co (hereinafter referred to as the "company" or "leyard optoelectronic") announced in June 5, 2017 the company held the third session of the eleventh meeting of the board of directors approved "on the transfer of a wholly owned subsidiary of equity holdings and related transactions motion", agreed to a wholly owned subsidiary of the company Riyadh (Hongkong) Co., Ltd. (hereinafter referred to as "Riyadh Hongkong") to 1 million 500 thousand Hong Kong dollars (about 1 million 350 thousand yuan) will be held by Great Trader Limited (hereinafter referred to as the "Great Trader") 33.33% equity transfer to the world of sports (Hongkong) Co. Ltd. (hereinafter referred to as the "Hongkong world"). De Hongkong is the world sports world (Beijing) Co. Ltd. (hereinafter referred to as the "Beijing world") a wholly owned subsidiary of Beijing by Beijing chuangkin Liguo world investment partnership (limited partnership) Holdings (hereinafter referred to as the "king of Lilliput").

Riyadh, currently Riyadh in sports industry development focus on the traditional screen business sales leasing, for businesses involved in the training of athletes is relatively shallow, the lack of experience. Specialize in, Great Trader project (carry out small players to focus on the transfer of training business) world sports industry, can better control the project risk and achieve the expected results. Lyad could also unleash more staff, focus on the core business, and consolidate performance. If the world's shares, can enjoy the benefits of the project. On the same day, Riyadh also announced that the third session of the eleventh meeting of the board of directors by the Transferee "on the world of sports (Beijing) Company Limited equity and related transactions motion", the company agreed to a wholly owned subsidiary of Beijing Liyade Investment Company Limited (hereinafter referred to as "Liyade investment") 0 yuan transferee Beijing Li Guo future investment partnership (limited partnership) (hereinafter referred to as "Li Guo king") world sports Holdings (Beijing) Co. Ltd. (hereinafter referred to as the "world") 3 million 900 thousand yuan (not paid in capital subscribed) corresponding to 19.5% of the equity and the corresponding duty paid. Riyadh said, with its professional LED display technology has formed a strategic partnership with a number of top international competitions in future, sports is an important part of cultural undertakings Riyadh group. The investment world sports, make business independent business accounting sports section, and promote equity partnership, will help attract many professional sports culture industry talents, to participate in the sports section of business events, explore more resources and opportunities of diversified development. Riyadh according to the June 5th release of the 2017 half year performance forecast shows that the company expects first half profit 349 million yuan ~3.86 million yuan, an increase of 90%~110%. The company said that the main reason for the increase in net profit was the expansion of sales scale and the increase in orders. As of May 31st this year, night business sector and new orders have been winning orders totaling 1 billion yuan, year-on-year growth of more than 300%. Small distance television, the new signing of 800 million yuan this year, an increase of more than 50% over the same period last year.

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