Siu Chi such a big move to new investment 1500-2000 LED packaging production line

Yesterday (29 days), Siu Chi energy (hereinafter referred to as the "company") announced the company according to the business demand of existing customers and market development situation, the expected future business will be greatly increased, in consultation with the Nanchang Qingshan Lake District People's government signed the "investment agreement" supplementary agreement, the original agreement wholly owned company sub Jiangxi Siu Chi photoelectric Limited company (hereinafter referred to as "Jiangxi Siu Chi") new investment 1000 LED packaging production line, now Jiangxi Siu Chi intends to increase investment in the 500-1000 LED packaging production line in the original protocol, namely according to the actual situation of production, by the end of 2019, Jiangxi Siu Chi is to be added 1500-2000 investment LED packaging production line (not including Jiangxi Siu Chi has 200 production lines).

It is reported that in June 29, 2017 December 19, 2017, Siu Chi energy were examined and adopted the "on the bill signed an investment agreement" and "on the subsidiary of Jiangxi Siu Chi photoelectric Limited Kuogu capital and guarantees provided by the company's motion", the company agreed to with the Green Lake District of Nanchang City people's government signed the "investment agreement ", 1000 new packaging production line in Jiangxi Province, Nanchang Qingshan Lake, and by the Nanchang Industrial Asset Management Company Limited (hereinafter referred to as the" Nanchang industrial ") of Jiangxi Siu Chi capital. After the expiry of the period of investment, intended by the company or the company designated party to transfer of shares of the transferee Nanchang Industrial Holdings Jiangxi Siu Chi shares.

Siu Chi Energy said that after the steady development in recent years, the rapid growth of the company, the production scale of business volume continues to rise, with strong market competitiveness in the industry. With the steady expansion of business scale, the company's existing packaging capacity has been unable to meet the needs of business scale. At the same time, the Nanchang Municipal People's government to give the company support, provide preferential policies not only in various aspects of plant, industry support and coordination support, personnel incentives, major industrial projects, more access to the necessary financial support through the fund industry for the company LED package expansion project management, in order to help the company LED package The expansion project quickly and smoothly. The foreign investment will help the company to optimize the allocation of resources, improve the core competitiveness of the whole.

On the same day, Siu Chi Energy announced that Jiangxi intends to Siu Chi Shenzhen zhaochi Limited by Share Ltd (hereinafter referred to as "Siu Chi shares") signed the "equity transfer agreement", Jiangxi Siu Chi intends to purchase the assets to cash payment transactions subject to the Siu Chi shares held by Nanchang zhaochi Technology Co. Ltd. (hereinafter referred to as the "South Siu Chi Chang ") 100% equity, the transaction price of 10474193.53 yuan. After the completion of the transaction, Nanchang Siu Chi will become a wholly owned company ltd..

It is reported that Siu Chi shares is Siu Chi such controlling shareholder, the company chairman Mr. Gu Wei concurrently Siu Chi shares chairman, general manager of the company in Jinsong served as vice chairman of Mr. Siu Chi shares. Nanchang Siu Chi was founded in April 12, 2008, the business scope includes: digital TV, digital camera, digital video recorder, digital TV receiver, digital video disc machine, liquid crystal display, production and sales; self and agent all kinds of goods and technology import and export; LED lighting production, sales, installation and debugging. Private rental housing.

Siu Chi Energy said that after the completion of this transaction, the company will hold 100% stake in Nanchang Siu Chi, will help the company to integrate LED packaging production resources, to reduce the related party transactions, increase the comprehensive competitiveness of the company, in line with the company's long-term development strategy, to help enhance the company's sustainable development ability and comprehensive competitiveness, with all the shares The interests of the east.

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