Jucan Optoelectronics (hereinafter referred to as “the companyâ€) announced the announcement of “Change of raised funds investment projects and capital increase for wholly-owned subsidiariesâ€, in order to improve the efficiency of the use of raised funds, combined with the company’s business development strategy and specific requirements for project construction, the company plans The original fund-raising project “Jucan Optoelectronics Technology Co., Ltd. LED chip production R&D project†was changed to “Jucan Optoelectronic Technology (Suqian) Co., Ltd. LED epitaxial wafer, chip production R&D project (Phase I)â€.
According to the announcement, the project time for the LED chip production R&D project of Jucan Optoelectronics Technology Co., Ltd. was May 8, 2015, and the main body of the implementation was Jucan Optoelectronics Technology Co., Ltd. The total planned investment of the project is about 352.071 million yuan, of which 14954.56 million yuan will be used for the project. The project will produce 1.8 million high-end LED chips per year. Up to now, the construction of the project has not been fully carried out, and the funds raised have not been put into use.
“The project of LED epitaxial wafer and chip production R&D project (Phase I)†of Jucan Optoelectronic Technology (Suqian) Co., Ltd. was established on January 5, 2018. The main body of the implementation is Jucan Optoelectronic Technology (Suqian) Co., Ltd. (hereinafter referred to as “ Jucan Suqian"). The total investment of the project is 615.931 million yuan, of which: construction investment is 61.835 million yuan, construction period interest is 8.57 million yuan, and working capital is 34.503 million yuan. The first phase plans to use raised funds of 145,580,800 yuan (including derivative interest), and the rest will be self-financed by applying for loans from banks.
The relevant approval documents have been obtained for the proposed change of investment projects, as follows:
Jucan Optoelectronics said that the change of the fundraising project did not substantially change the investment direction of the raised funds and the project implementation content, and remained highly consistent with the company's main business. There was no situation in which the fundraising was changed in disguise and the interests of shareholders were damaged. At the same time, all the raised funds (including derivative interest) and some of the self-owned funds will be invested in the wholly-owned subsidiary Jucan Suqian, which will help strengthen the capital strength of the subsidiaries, reduce financial risks, optimize resource allocation and improve management efficiency. Long-term development strategy and planning.
In addition, Jucan Optoelectronics also announced that after the company intends to change the fundraising investment project, it plans to increase the capital of the company to RMB 150 million, of which the fund source will raise all funds (including derivative interest) and some of its own funds. After the capital increase, the registered capital of Jucan Suqian will be changed to 200 million yuan, and the company still holds 100% of the shares. The RMB 127.90 million of the 150 million yuan is intended to be used to replace the company's equipment purchases in the previous period, and the balance is intended to be used for the purchase of other new equipment from Jucan Suqian.
Jucan Optoelectronics said that the change of the fundraising project did not substantially change the investment direction of the raised funds and the project implementation content, and remained highly consistent with the company's main business. There was no situation in which the fundraising was changed in disguise and the interests of shareholders were damaged. At the same time, all the raised funds (including derivative interest) and some of the self-owned funds will be invested in the wholly-owned subsidiary Jucan Suqian, which will help strengthen the capital strength of the subsidiaries, reduce financial risks, optimize resource allocation and improve management efficiency. Long-term development strategy and planning.
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