Sanan optoelectronics allring Technology Holdings, won 190 million investment projects......

Sanan optoelectronics: Sanan group holdings of shares completed 1.04% total holdings

An optoelectronic late on November 30th announcement, the company received shareholder Sanan group notice, decided to end its holdings of this plan. Sanan group since January 14th holdings of shares of the company, and intends to continue to increase. Sanan group the total holdings of 26 million 597 thousand and 500 shares of the company (the implementation of the 2015 profit distribution plan before the shares), accounting for about 1.04% of the total equity of the company. As information disclosure, Sanan group holds 321 million shares, accounting for about 7.86% of the total equity of the company.

Million investment in science and technology to build 190 million million run Hubei science and Technology Industrial Park Project

Mason technologies yesterday evening announcement, a wholly owned subsidiary of Hubei science and Technology Co., the company intends to run million raised 198 million 150 thousand yuan investment in the construction of Xiantao in Hubei province Hubei Wanrun science and Technology Industrial Park project, to further improve the allring technology in the domestic LED market in the industrial layout and regional layout, enhance the LED industry's overall competitive strength and profitability. In November 30, 2016, the company held the third session of the twenty-ninth meeting of the board of directors, with 9 votes in favor, 0 votes against and 0 abstentions passed "on a wholly owned subsidiary of investment in the construction of Hubei Wanrun science and Technology Industrial Park project proposal". The investment will help to further improve the industrial layout and regional layout allring technology LED products in the domestic market, enhance the share of LED products in the Midwest market and visibility, develop new profit growth areas, is conducive to enhance the competitiveness of the company.

KingSun: LED lighting R & D center project extension

Dongguan KingSun Au Optronics Co (hereinafter referred to as "the company") 30 evening announcement, the company held the third session of the board meeting on November 30, 2016 and the twenty-seventh meeting of the third session of the seventeenth meeting of the board of supervisors, considered and adopted the "on the LED Lighting Design Research Center Project" extension of the motion, agreed to implement the progress of the company's adjustment to raise capital investment projects LED lighting R & D center project ", the project will achieve the intended use date postponed to November 30, 2017.

Due to the company's LED semiconductor lighting industry products homogenization phenomenon is obvious, the product standard is not perfect, many participants, the price war is serious, making the company's products and price competition in the end cost of end pressure gradually increase. In order to stabilize and enhance the company's continued profitability, the 2016 year of the company through the acquisition of Longwen education to achieve the main layout of the semiconductor lighting industry and education industry. Therefore the company raise funds to improve efficiency and enhance the input-output ratio to raise funds attitude, after careful consideration, decided according to the current development of semiconductor lighting industry slowing down the progress of implementation of the investment projects to raise funds. The adjustment of the project's original plan to complete the time from November 30, 2016 to November 30, 2017, other items of the project do not adjust.

This part is to raise funds for investment projects postponed, only the change relates to raise investment project investment progress, does not involve the other equity investment projects, the implementation of principal, the total investment of the change will not lead to the change of the project to raise funds, there is no change in the investment projects to raise funds and damage the interests of shareholders the situation, the company will step up to promote the investment projects to raise funds for construction progress.

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