[bulletin board] the share transfer price of the German restructuring subsidiary

The share transfer price of a wholly owned subsidiary of de house run Da is adjusted to 2 billion 360 million yuan

A few days ago, de Howard (hereinafter referred to as "the company") issued a announcement that the company intends to adjust the transfer price of the 100% share of the 100% shares of the wholly owned subsidiary, de Hao Yun Da International ("Hongkong de Hao international"), to RMB 2 billion 364 million 886 thousand and 500 yuan.

According to the company's December 2017 announcement, the company intends to transfer the 100% shares of Hongkong de Hao international to another wholly owned subsidiary of Zhuhai de Howard Electric Co., Ltd. (hereinafter referred to as "Zhuhai de Hao run Da"). The transfer of equity is carried out in a flat price transfer mode, which is calculated according to the net assets per share of Hongkong de Hao International in September 30, 2017. The transfer price is RMB 2 billion 749 thousand and 400 yuan. After the completion of the transfer, the Hongkong de Hao International has become a subsidiary of 100% of the company's indirect stock ownership by the subsidiary of the company directly holding 100% of the company.

De Howard said that at the level of the mono statement, at the end of the year, the value of the Hongkong de Hao International Investment on the single statement of the company is HK $2 billion 776 million 451 thousand and 400, which is about 2 billion 364 million 886 thousand and 500 yuan after the exchange rate of the exchange rate on the day of each capital contribution. With the original price of RMB 2 billion 749 thousand and 400 yuan, de howt transferred the 100% share of Hongkong de Hao international to de Hao Electric in Zhuhai, and the profit and loss of this equity investment will be -36413.71 million yuan.

Through communication with the tax department, the company intends to adjust the transfer price of the 100% stake of Hongkong de Hao to RMB 2 billion 364 million 886 thousand and 500 after careful assessment and comprehensive consideration by the company. This time the transfer price of the 100% stake in Hongkong de Hao international is adjusted to RMB 2 billion 364 million 886 thousand and 500 yuan, and the profit and loss of this equity investment will be 0 yuan.

It is reported that Zhuhai de Howard mainly produces and operates the company's small household appliances, and Hongkong de Hao international is the main body of the company's small household electrical appliances export business. This stock transfer is to straighten out the structure of the export business of small household appliances. It is the need for the integration of internal resources and the optimization of the governance of the company.

The company said that the adjustment of the stock transfer price would not have a bad effect on the company's financial situation and management results, and would not harm the interests of the company and its shareholders.

Pouch 11 million bonus pouch

A few days ago, polyopto (hereinafter referred to as "the company") issued a bulletin, the company recently received a wholly owned subsidiary of Suzhou poly energy management Co., Ltd. (hereinafter referred to as "poly energy") 2017 annual dividend of 11 million yuan.

According to the announcement, the company has been incorporated into the company in the consolidated financial statements. The company holds 100% of its shares. The company sent a cash dividend of 11 million yuan to the company on the basis of the undistributed profit of 11 million 519 thousand and 200 yuan as of December 31, 2017.

The company said that the above profit distribution will increase the net profit of the company in 2018, but it does not increase the net profit of the company's consolidated statement in 2018. Therefore, it will not affect the overall operating performance of the company in the year 2018.

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