Lianchuang Optoelectronics plans to invest 100 million in controlling Fangda Zhikong plus code smart lighting business

Lianchuang Optoelectronics (600363) announced on the evening of June 14 that the company held the 6th Board of Directors on June 12 to deliberate and approve the proposal on changing part of the raised funds investment project and acquiring Zhejiang Fangda Zhikong Technology Co., Ltd. and increasing its capital. The board of directors of the company agreed to terminate the implementation of the "LED epitaxial material, chip and device industrialization project for power-type infrared monitoring system", and changed the raised funds of 100 million yuan in the project to acquire the capital of the company and increase its capital.

The company intends to acquire 21% and 15% of the shares held by Song Hongwei and Luo Jianqiang with RMB 21.4791 million in cash. At the same time, it plans to invest 78.5209 million yuan to increase capital, and the registered capital of Dazhi Control will increase from 12.5 million yuan to 28.9056 million yuan. The total investment amount of this trading company is 100 million yuan. After the transaction is completed, the company holds 72.37% equity of Fangda Zhizhi.

Fangda Zhikong is a service provider of intelligent lighting control and Internet of Things solutions, mainly engaged in new product development, system integration and engineering services in related fields. The main products are divided into urban lighting related control hardware modules and intelligent management software systems. The self-developed lighting control software system can realize remote monitoring, comprehensive energy consumption monitoring and data collection of urban (street light) lighting systems.

Fangda Zhikong's operating income in 2014 was 20,221,300 yuan, and the net profit was 74,200 yuan. As of March 31, 2015, the book value of the net assets of Fangda Zhikong was 11.029 million yuan, and the appraisal value was 59.664 million yuan, with a value-added rate of 440.93%. The trading party promised that Fangda Zhikong's net profit for 2015, 2016 and 2017 will not be less than RMB 3 million, RMB 5 million and RMB 12 million respectively.

The company said that the company can quickly enhance the development of intelligent control related hardware and software systems through mergers and acquisitions, and develop a smart lighting business with the company to better complement the company's smart lighting business. It will help the company to transform and upgrade from low value-added ordinary LED lighting to high value-added smart lighting, from current lighting manufacturers and engineering contractors to system integration and solution solvers, and further enter the smart city field in the future.

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