[news] LED Q1 Elec-Tech Yukui, aibisen supervisors to resign

The first quarter net loss of 70 million yuan -9000 yuan

Elec-Tech recently released 2016 first quarter results predicted that, the company's first quarter net profit attributable to the listed company a loss of 70 million yuan -9000 yuan. Notice that the company in the first quarter of 2016, compared with the same period last year, the loss will not exceed 30%.

Notice that the main reasons for the loss of performance of the company are as follows: 1, due to the fierce competition in the LED industry market, LED chips, lighting products prices are still low. 2, the company's small home appliance business, LED business in the first quarter are off-season production, lower capacity utilization, resulting in fixed costs can not be diluted, higher product manufacturing costs.

Abison supervisor resignation of Mr Li Songtao

Abison photoelectric April 1st evening announcement said the company board of supervisors in April 1, 2016 the company received a non employee representative supervisor Mr. Li Songtao submitted the resignation, Mr. Li Songtao resigned for personal reasons apply for the second session of the board of supervisors and chairman of the board of supervisors and supervisors duties, resigned from the post, Mr Li Songtao will not serve in the company. Notice that, as of the date of this announcement, Mr. Li Songtao did not directly hold shares of the company, the Shenzhen City Ai Investment Limited indirectly holds shares of the company, Mr. Li Songtao in the company "IPO and listing on the gem IPO commitment statement": "except in the issuer's IPO will be held part of the issuer's old shares available, I served as supervisor of the company during the annual transfer of shares does not exceed I directly or indirectly held by the total number of shares of 25%; within six months of the declaration of turnover in the IPO listing date, directly or indirectly, not to transfer the shares held by the company within eighteen months since the date of departure declaration within seventh months; twelfth months to declare turnover in the IPO listing date, within twelve months from the date of departure declaration No direct or indirect transfer of shares held by the company; twelve months after the declaration of the turnover in the IPO listing date, directly or indirectly, not to transfer the shares held by the company within six months from the date of departure declaration. "

Because Mr. Li Songtao led to the resignation of the company board of supervisors number of persons below the legal minimum requirements, according to the relevant provisions of the "company law" and "articles of association", the company will be in accordance with legal procedures as soon as possible to nominate a new candidate for supervisor and submitted to the shareholders' meeting. Mr. Li Songtao will continue to perform his duties as a supervisor before the new supervisor takes office.

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