The details of the transaction did not reach the termination of the acquisition of LIAN Fengte infrared equity

LIAN photoelectric July 28th evening disclosure, and the parties failed to reach an agreement in the transaction details, the company decided to terminate the framework agreement to acquire equity "Fengte infrared.

In April 18, 2015, the company and Guangzhou sat infrared Limited by Share Ltd (hereinafter referred to as "Fengte infrared"), Guangzhou Ying Fu Levin Automation Technology Co. Ltd. (hereinafter referred to as "Ying Fu Levin") signed the "transfer of shares and share capital framework agreement" (hereinafter referred to as "the" framework agreement ""), the main contents are as follows: the company intends to not more than 150 million yuan transferee Fengte IR 20% stake, the final transfer price negotiated according to the audit, evaluation results. At the same time in the acquisition of shares, the company intends to cash is not more than 150 million yuan of capital accounts for Fengte Fengte infrared, infrared acquisition of 16.67% stake; after the completion of the capital increase, the company holds a 33.34% stake in Fengte infrared. When the infrared Fengte achieve performance targets agreed upon by both parties and other conditions, the remainder of the company will acquire Fengte infrared.

The "framework agreement" after the signing of agreement between the parties in accordance with the agreement to actively promote the related work in the subsequent process of implementation, focus on the development, Fengte infrared thermal infrared imager products production and sales, products are mainly used in intelligent surveillance, reconnaissance, rescue, fire safety, explosion-proof vehicle auxiliary driving infrared night vision and medical diagnosis etc. military and civilian areas, including sales of products to the United States, Europe, Japan and other countries and regions. Previously, Ying Fu Levin and Fengte infrared actual controller Wu Jiping promised in 2015, 2016, 2017 Fengte infrared net profit after deducting non recurring gains and losses were not less than 25 million yuan, 50 million yuan, 75 million yuan.

The company said, the "framework agreement" after the signing of agreement between the parties in accordance with the agreement to actively promote the related work in the subsequent process of implementation, and the parties failed to agree on the details of the transaction the company, through friendly consultations, decided to terminate the "framework agreement". Due to the framework agreement only to determine the intent of cooperation between the two sides, not substantive performance, termination of the agreement will not affect the company's current profit and loss and shareholders' equity.

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