Lianchuang Photovoltaic Subsidiary Jiangxi Lianchuang Lighting Information 15 million yuan

Recently, Jiangxi Lianchuang photoelectric announced that the company's board of directors reviewed and approved the "Proposal on the Capital Increase of Jiangxi Lianchuang Lighting Information Technology Co., Ltd., a wholly-owned subsidiary," and agreed to the wholly-owned subsidiary Jiangxi Lianchuang Lighting Information Technology Co., Ltd. (Hereinafter referred to as "lighting information") The capital increase is 15 million yuan. After the capital increase, the registered capital of lighting information is 20 million yuan, and the company still holds 100% of its equity.

Lighting information was established in 2001 with a registered capital of 5 million yuan. It is a wholly-owned subsidiary of Jiangxi Lianchuang Optoelectronics Technology Co., Ltd. At present, the main business is semiconductor lighting system engineering; semiconductor display, lighting engineering and product development, production, sales; information technology products, network products and other electronic product development, sales, software development, network system integration, intelligent building, Security monitoring system engineering, computer system monitoring and engineering.

In addition, the meeting reviewed and approved the "Proposal on Transfer of 27.03% Equity Interest in Jiangxi Lianyu Investment and Development Co., Ltd." and the resolution of the meeting: agreed to hold Jiangxi Lianyu Investment and Development Co., Ltd. (hereinafter referred to as "Lianyu Investment") 27.03. % of the shares were transferred to Jiangxi Jinshi Investment Co., Ltd. (hereinafter referred to as “Jinshi Investment”), and Jinshi Investment did not have any associated relationship with the Company.

Lianhe Investment was established on December 18, 2005. It was jointly funded and established by the former Jiangxi Provincial Electronic Group Corporation, Jiangxi Lianchuang Optoelectronics Technology Co., Ltd., and Jiangxi Radio Advanced Technical School. The registered capital of Luen Yu Investment is RMB 37 million, and the shareholding ratio of the company is 27.03%. The joint venture investment is mainly engaged in various types of industry investment; real estate development, sales; property management.

As assessed by Beijing Hengxin Deluy Asset Appraisal Co., Ltd., as of December 31, 2011, the net assets of China Unicom Investment was 74,541,300. After the company fully negotiated with Jinshi Investment, and the equity transfer basis was calculated based on the amount of 74,541,300,000 yuan, the total price of the company's investment in the joint venture investment in Jinshi Investment Co., Ltd. was 27.14%, and the transfer price was all cash payment. After the completion of the equity transfer, the company no longer holds shares in United Investment.