San an electric and multiple Announcements: foreign investment, compensation, equity transfer......

Yesterday (25) evening, the San an Au Optronics Co (hereinafter referred to as "San an photoelectric" or "company") issued a number of announcements, or related to foreign investment, or related to "tonic", or related to the transfer of shares.

According to the announcement, the company's wholly owned subsidiary, Hongkong Sunan optoelectronics Co., Ltd. (hereinafter referred to as "Hongkong San an") invested 1 million US dollars in its own currency fund to set up a wholly-owned subsidiary in Hongkong. Its name is temporarily Hongkong Light Technology Co., Ltd. (authorized by the authority), accounting for 100% of the registered capital, mainly engaged in optical communication. Information R & D, production and sales.

The investment is in line with the direction and development strategy of the company's development, which is conducive to improving the R & D capability of the company and strengthening the main business.

At the same time, San an photo announcements that the wholly owned subsidiary of Quanzhou San an Semiconductor Technology Co., Ltd. (hereinafter referred to as "San an semiconductor") has received the notice of the Nanan high tech Industrial Park project construction command "on the appropriation of equipment purchase subsidy for Quanzhou San an Semiconductor Technology Co., Ltd." [core Valley South high index (2018) 3 No. San an semiconductor has signed the equipment purchase agreement and has paid the advance payment. According to the "investment cooperation agreement" signed by Quanzhou, Nanan municipal government and sun an, and the spirit of the Quanzhou Nanan Valley Park and Quanzhou semiconductor project to promote the spirit of the special meeting held by the leading group of Nanan core Valley Nanan working group, the municipal government has agreed to pay the payment and payment according to the equipment purchase contract. In the same period of time, the purchase of 192 million yuan semiconductor equipment purchase subsidy was paid at the same rate. The sum was received in June 22, 2018 by San an semiconductor.

According to the provisions of the accounting standards for Enterprises No. sixteenth - government grants, the equipment subsidy received by San an semiconductor is recognized as deferred income when it is received, and is included in the profit and loss in the average life of the related assets.

In addition, the company's wholly owned subsidiary, Xiamen San an integrated circuit Co., Ltd. (hereinafter referred to as "San an integration") transfers its 2% stake in Xiamen San an Huanyu integrated circuit Co., Ltd. (hereinafter referred to as "San an Huanyu") for 80 thousand US dollars to GCS Holdings, Inc. (hereinafter referred to as "GCS").

The three annex annex is a subsidiary holding company of San an. It is a joint venture jointly established by GCS and San an. The joint venture was registered in February 23, 2017, with a registered capital of 4 million US dollars. The investment of San an integrated with its own currency fund was US $2 million 40 thousand, accounting for 51% of the registered capital of the joint venture company. GCS invested 1 million 960 thousand US dollars in monetary capital and accounted for 49% of the registered capital of the joint venture company. After the transfer of shares, San an integrated holding 49% stake in the three Anne annulus, GCS holds 51% stake in the three Anne annulus world, and the three Anne annulus will no longer be included in the scope of the three annex opto-electronic merger report.

The company's integrated semiconductor business is the key development direction of the company in the future. After the completion of this equity transfer, it will help promote the market development of our compound semiconductor market and increase its market share.

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