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Focusing on the core LED business, Lianjinoptoelectronics transferred another subsidiary

January 8, Lianjian Optoelectronics released the transfer of the subsidiary of Shanghai Litang Marketing Management Co., Ltd. (hereinafter referred to as "Litang Marketing") 100% of the stock announcement.

 

Announce shows, after the parties to negotiate, the construction of photoelectric to 15.3 million yuan will hold the Li Tang marketing 100% equity transfer to the natural person Wu Zhihao, Jin Zi. Wu Zhihao was granted 99% of the shares of Litang Marketing, Jinzi 1% of the shares of Litang Marketing.

 

It is reported that Litang marketing is engaged in the creative planning and execution management business of activity communication company, Lianjian optoelectronic in 2016 to Xinyu Boer Feng Investment Management Center (limited partnership), Xiao Lianqi, Xinyu Litang Huizhi Investment Management Center (limited partnership) to buy 100% of the shares of Litang marketing, priced at 496 million yuan.

 

According to the announcement, due to the decline in the industry market and the occupation of capital and other factors, Litang marketing since 2018 began to decline in profitability, operating expectations, and even losses. Affected by the epidemic in 2020, Litang's marketing business volume dropped significantly and suffered continuous losses. At present, Litang's marketing related business has basically stagnated.

 

Lianjian photoelectric said, in line with the perspective of protecting the interests of the company and shareholders, the transaction is to avoid the related business subsequent to the company further adverse impact the normal production and business operation, in line with the company 'appropriate strategic contraction, focusing on the main business, strengthening the core competencies' strategic layout, is conducive to the stable development of subsequent company.

 

For the impact of this transaction, Lianjinoptoelectronics said that by stripping some assets, from further optimize the ownership structure, reduce the company's operational risk, improve management efficiency, focus on the develop of LED core business.

 

After the completion of the transaction, Litang Marketing will not be included in the scope of the consolidated statement of the company. It is expected that the profit and loss generated by this equity transfer in the current period will be about -3.8 million yuan, which will not have a significant impact on the business and financial aspects of the company.


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