[300 million] in dry according to capital subsidiary, Chau Ming Xi and photoelectric acquisition

Changelight 300 million capital subsidiary, to support the expansion of demand

4 evening, Xiamen dry according to Au Optronics Co (hereinafter referred to as the "company") announced the expansion needs to support the "red and yellow light LED chip and three junction GaAs solar cell project", the company intends to own the monetary fund subsidiary of Yangzhou changelight Co. Ltd. to increase 300 million yuan. After the capital increase, the registered capital of the subsidiary company will be increased to 582 million yuan.

Changelight said, through capital, in favor of "red and yellow light LED chip and three junction GaAs solar cell project" of the expansion, and further enhance the overall ability of operating subsidiaries and comprehensive competitiveness.

Chau Ming Technology intends to 24 million 680 thousand yuan to buy 100% stake in Greece and photoelectric

Chau Ming technology September 4th evening announcement, the company intends to own funds and bank loans to 24 million 680 thousand yuan to buy the Hangzhou Xi and Optoelectronics Co. Ltd. (hereinafter referred to as the "hope and photoelectric") 100% stake. After the completion of the equity transfer, the company will hold 100% stake in Greece and photoelectric, photoelectric and hope will become a wholly owned subsidiary.

Hope and photoelectric located in Yuhang economic development zone. Excellent location, through this acquisition, the company intends to hope and photoelectric based construction company base in East China, enhance the company's radiation force in East China and influence, help the company to the customer needs faster response, better customer service. After the completion of this transaction, the company will use the Greek and the photoelectric location deep in East China market, so as to enhance the radiation intensity of the customers, to further enhance the company's responsiveness to customers, the country is conducive to market development, have a positive impact for the company.

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