Lehman photoelectric intends to non-public offering of shares to raise about 340 million overweight, COB project

Lehman photoelectric April 20th release of non-public offering plan, to be non-public offering of shares of the total funds raised not more than 342 million 900 thousand yuan (including 342 million 900 thousand yuan), after deducting the cost of issue will be used to COB ultra small pitch LED display panel project and add liquidity. The non-public offering of shares pricing benchmark for the first day of issue, pricing principles: the issue price of not less than ninety percent days before the issue of the first twenty trading days the stock price. The project construction period of 2 years, is expected to put the first year operating income was 706 million 315 thousand and 400 yuan, the project investment of the pre tax internal rate of return is 24.86%.

According to the announcement, this investment projects in line with national industrial policy, and the future development trends of the industry and the company has a good market prospect and economic benefit. The company's COB ultra small pitch LED display panel product has the advantages of high density, high reliability, high contrast, high resolution, high protection level, high intensity, low cost and so on, the future is expected to become the mainstream of small spacing HD display products. Lehman photoelectric intends through this non-public offering to raise funds to expand the COB ultra small pitch LED display products production capacity, improve the production and sales of products in high-end high margin products proportion, and further optimize the product structure, improve the company share in the small space of the LED market, enhance the company's continued profitability, and enhance the public Our position in the industry.

Since last year, Lehman photoelectric developed and launched COB small pitch LED display panel, a road at top speed, the action again and again, as the company's strategic development priorities. In the aspect of production, the rapid completion of renovation of Huizhou manufacturing base of Lehman cleanroom semiconductor, and the acquisition of acceptance of the various process new manufacturing equipment, after debugging running in trial production; in the market, Lehman photoelectric in early March this year held a COB small pitch LED display products conference, and gradually bring COB small spacing L ED display products in the domestic and foreign large-scale LED exhibition promotion, according to public information, the company has received tens of millions of yuan in COB product orders in hand, and recently with the Beijing China Polytron Technologies Inc signed a strategic cooperation framework agreement to increase the promotion of company COB products in the military field. In the capital market, the timely introduction of the non-public offering of stock, overweight COB ultra small pitch LED display panel projects, enhance the company's capital strength.

With LED display technology products market continues to mature and the continuous improvement of awareness of COB small pitch LED display products in the future will be further in the command and control center, video surveillance, broadcasting studio, business meetings and other indoor large screen display are widely used, the market prospect is broad. With a full range of strategic layout of Lehman photoelectric first and promote future development period of COB business!

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