“1 yuan” completed the acquisition? Huacan Optoelectronics purchased 100% equity of Ruijing Optoelectronics

Huacan Optoelectronics released the "About the acquisition of 100% equity of Yiwu Ruijing Optoelectronics Technology Co., Ltd." on March 18, saying that the company's acquisition of the entire equity of Yiwu Ruijing Optoelectronics Technology Co., Ltd. ("this acquisition") has been the second session of the company. The 22nd meeting of the Board of Directors reviewed and approved. The total transaction price of this acquisition is only one yuan.

It is reported that in order to set up a project company in Yiwu, Zhejiang, the demonstration and planning construction of the Yiwu investment project in Zhejiang will be launched as soon as possible. On March 17, 2016, Huacan Optoelectronics and Yiwu Ruijing Optoelectronics Technology Co., Ltd. (hereinafter referred to as “Ruijing Optoelectronics”) The holders of the shares, Zhou Jian and Lou Leifang, signed the “Equity Transfer Agreement” and intend to acquire the wholly-owned shares of Ruijing Optoelectronics in cash. After friendly negotiation between the two parties, both parties unanimously agreed that the total price of the above equity transaction is RMB.

The announcement shows that Ruijing Optoelectronics' business scope includes optoelectronic technology product development and technology transfer; electromechanical equipment research and development, sales: energy-saving lamps, LED lamps, monocrystalline silicon wafers, electronic accessories sales; import and export of goods, technology import and export (subject to law Approved projects can be operated after approval by relevant departments). Since its establishment, Ruijing Optoelectronics has operated on a relatively small scale. As of December 31, 2015, Yiwu Ruijing had a total assets of 461,225 yuan as of December 31, 2015, including accounts receivable of 460,000 yuan and monetary funds of 1,225 yuan; The total liabilities are 782,383.45 yuan, of which accounts payable of 400,000 yuan, taxes and fees of 21,043.45 yuan, other payables of 361,340 yuan; net assets of -321,158.45 yuan. In 2015, the operating income was 446,601.94 yuan, and the net profit was -321,158.45 yuan.

According to the announcement, the auditor's audit verification deadline is December 31, 2015. After the transfer agreement takes effect, the transferee (Huacan Optoelectronics) will assume the debts and debts as of December 31, 2015. The transferor (Zhou Jian, Lou Leifang) promised to be responsible for the collection of accounts receivable, and promised that if the target company had new debts and debts from January 1st, 2016 to the completion of the equity transfer business change, Zhou Jian, Lou Leifang bears the aforementioned new creditor's rights and debts.

Huacan Optoelectronics said that the acquisition is based on the company's strategic planning and current development trends. The scale of the target company is small, and the amount of the acquisition is relatively low, which will greatly help the rapid development of the future and conform to the company's future development strategy. The acquisition of Ruijing Optoelectronics is only one of the initial tasks required for the development of Yiwu Project. The feasibility analysis and demonstration of Yiwu Project's investment scale, construction content, revenue forecast, etc. must be submitted by the company's management to the Board of Directors, and the Board of Directors and Shareholders' Meeting It is decided that the Zhejiang subsidiary will be further changed and increased according to the needs of the project.

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