[Mini LED] newsletter Riyadh revealed progress, Huacan won by subsidiaries of cash dividends

COB Mini LED liard small pitch products are small batch trial

According to China Securities Network reported yesterday (6) day, Riyadh in an interactive platform that the company is currently the main research and development of COB type Mini LED small spacing products, using Mini LED as crystal display pixels, for processing of flip chip COB, this stage is for small batch trial.

HC semitek received a wholly owned subsidiary of cash dividend payment of 120 million yuan

Yesterday (6) evening, HC semitek (hereinafter referred to as "the company") announced that the company recently received Huacan photoelectric (Zhejiang) Co., Ltd. (hereinafter referred to as the "Zhejiang subsidiary") the cash dividend payment of 120000000 yuan.

According to the announcement, the Zhejiang subsidiary of the consolidated financial statements included in the scope of the company is a wholly owned subsidiary, Zhejiang subsidiary company holds 100% of the shares, according to the articles of association of the company and the shareholders decided by large accounting firm (special general partnership) audit, by the end of December 31, 2017 the undistributed profits of 128282375.43 yuan according to the number of According to the company's cash dividend of 120000000 yuan.

Huacan said, the distribution of profits will increase the company's 2018 annual report of the parent company net profit, but does not increase the company's 2018 annual consolidated net profit, therefore, will not affect the company's overall operating performance of the year 2018.

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