Unilumin subsidiary plans to increase capital by RMB 6 million to innovate at the right moment and explore consumer-grade lighting applications

On September 20, Unilumin Technology announced that in order to promote the implementation of the company's overall strategy, deepen the industrial ecological layout, and explore the development direction of consumer application products, the company's wholly-owned subsidiary Qianhai Zhouming plans to sign a "Capital Increase Agreement" with Shenzhen Shike Innovation Technology Co., Ltd. (hereinafter referred to as: Shike Innovation). Qianhai Zhouming plans to increase capital in Shike Innovation with RMB 6 million of its own funds.

This is the second time Qianhai Zhouming has invested in Shike Innovation. It is reported that in October 2021, the 33rd meeting of the fourth board of directors of Unilumin Technology reviewed and approved the "Proposal on External Investments and Related Transactions of Wholly-Owned Subsidiaries", agreeing that Qianhai Unilumin will increase capital to Shike Innovation with its own funds of RMB 1.58 million, accounting for 5% of the equity.

Later, due to Beijing Xiaoniao Technology Co., Ltd.'s investment in Shike Innovation, the equity ratio of Shike Innovation held by Qianhai Zhouming was diluted to 4.7519%. After the completion of this capital increase, the registered capital of Shike Innovation will be changed to 35.9459 million yuan, while the equity ratio held by Qianhai Zhouming will increase to 11.8954%.

It is reported that the business scope of Shike Innovation includes: manufacturing and sales of smart home consumer equipment, manufacturing and sales of electronic components and electromechanical component equipment, manufacturing and sales of power electronic components, R&D and sales of household appliances, manufacturing and sales of lighting fixtures, manufacturing and sales of wearable smart devices, manufacturing and sales of special electronic materials, etc.

Unilumin Technology pointed out that this investment aims to explore the development direction of consumer lighting application products, cultivate and incubate new intelligent entertainment lighting product business, and is in line with the company's strategic plan and vision.

It is understood that Unilumin Technology’s products are mainly divided into three categories: smart display, smart lighting and cultural and creative lighting. In the first half of 2022, smart lighting products achieved operating income of 183.2002 million yuan, accounting for 5.79% of the revenue, and the gross profit margin was 30.70%.