[brief] Yankon capital subsidiary, blue Ding international lighting business sale

Yankon: a subsidiary of sun Canada capital 47 million 500 thousand yuan

Yankon announcement, to support the company's subsidiary Zhejiang Canada business development, enhance the market competitiveness of Zhejiang Canada, the company intends to Mr. Li Yang stake in Zhejiang Canada in cash capital increase of 50 million yuan, of which the company capital 47 million 500 thousand yuan capital increase 2 million 500 thousand yuan, Mr. Li Yang.

Canada Zhejiang sunshine Lighting Co. Ltd. (hereinafter referred to as "Zhejiang Canada") a subsidiary of the company, the registered capital of 50 million yuan. Among them, the company invested 47 million 500 thousand yuan, accounting for 95% of the registered capital; Mr. Li Yang invested 2 million 500 thousand yuan, accounting for 5% of the registered capital.

Blue Ding International HK $50 million sale of lighting business

Blue Ding International announced on April 28, 2017, the company entered into a purchase and sale agreement with the buyer accordingly, the company agreed to $50 million sale of Ace Winner Holdings Limited all the issued capital and loan sales.

Ace Winner Holdings Limited announcement shows that the company owned. Chinese Affiliated Companies Jiangsu Wenrun optoelectronic Co. Ltd through Ace Winner Holdings Limited indirectly owns 69.44% interest, mainly engaged in the design and production of light emitting diodes and semiconductor lighting products.

In addition, the buyer is a limited liability company incorporated in the British Virgin Islands a.

The company said the sale of items will help the group to allocate resources to its existing business (especially the integrated resort development) and other potential investment with the group of long-term business strategy, and try to reduce the group because of the LED lighting industry downturn face market risk.

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