[newsletter] joint construction and subsidiary company, a subsidiary company of the famous subsidiary company.

Joint construction of optical and capital subsidiary Company Limited

Yesterday (29) evening, the joint construction of photoelectric announced that the company held the fifth session of the third meeting of the board of directors in October 29, 2018 to consider and adopt the "proposal to increase capital for the wholly owned subsidiary of Shenzhen joint construction optoelectronics Co., Ltd.". In order to realize the integration and resource optimization of the company's digital display device business, combined with the company's development plan and actual operation needs, we agree that the company has a 100% stake in the wholly-owned subsidiary, Huizhou Jianhe photoelectric Co., Ltd. (hereinafter referred to as "Huizhou Jianhe"), and the LIAN Jianhe Photoelectric Technology Co., Ltd. (hereinafter referred to as "LIAN"). Shanghai LIAN) 100% of the equity to the wholly-owned subsidiary of Shenzhen city joint construction photoelectric Co., Ltd. (hereinafter referred to as "joint construction limited") to increase capital. After the capital increase is completed, joint construction Limited will hold 100% stake in Huizhou Jianhe and Shanghai LIAN.

According to the announcement, the company uses the net assets and paid up capital of Huizhou Jianhe and Shanghai as of June 30, 2018 as the valuation basis of its equity valuation. After consultations and discussions, it was determined that the value of the 100% equity interest of Huizhou Jian and the 100% equity interest of Shanghai LIAN amounted to 190 million yuan, and the 100% shares of Huizhou Jian and the 100% shares of Shanghai LIAN 100%. The right to increase capital is limited to joint construction. The limited business scope of the joint construction includes: the sale of the light-emitting diode (LED) display and its application products; the leasing, installation and door-to-door maintenance of the LED display screen; the technological development of electronic products; the design and development of computer software and hardware, the development and sale of the computer, the import and export of domestic goods, and technology in and out of the two parts. Mouth. (laws, administrative regulations, and State Council decide that the items that must be approved before registration) are engaged in advertising business.

Registered capital after capital increase

Joint construction optoelectronics said that the company increased capital by the 100% equity value of Huizhou Jianhe and the 100% equity interest of Shanghai LIAN. The company's digital display equipment business unit integrates internal business and optimizes the allocation of resources, which is conducive to optimizing the operation of the company, enhancing market competitiveness and better implementation. Business development is in line with the strategic layout requirements of the company's data-driven integrated marketing service group.

Yonghui lighting company is planning to set up Shanghai branch.

On the same night, according to the announcement, the company's controlling subsidiary, Zhejiang Yong Qi Lighting Engineering Co., Ltd. (hereinafter referred to as "Yong Qi lighting"), according to the needs of business development, intends to set up Shanghai branch of Zhejiang Yong Qi Lighting Engineering Co., Ltd. in Shanghai, responsible for the lighting project business and product sales and marketing in Shanghai area. Promotion and so on.

According to the announcement, Zhejiang Yong Qi Lighting Engineering Co., Ltd. Shanghai branch's business scope includes: lighting engineering construction, installation and design; environmental guidance system design; building intelligent system installation; intelligent equipment, mechanical and electrical equipment, computer hardware and software, lighting lamps, street lamps and lampposts, solar photovoltaic system. LED lighting equipment and control system design, R & D, manufacturing, processing, wholesale and retail.

The establishment of the branch is aimed at better carrying out business in the local area, undertaking projects, developing the East China market, improving the coverage and market share of the company's business in the region, continuously enhancing the company's brand image and enhancing the company's profitability. In addition, the source of the investment is Yong Chi lighting's own capital, which does not constitute a related transaction and does not constitute a major asset reorganization.

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