On July 11, Liard Optoelectronics Co., Ltd. ("Lide") announced that the company had acquired and obtained Shenzhen Jinda Lighting Co., Ltd. ("Jinda Lighting") through the issuance of shares and payment of cash. 100% equity (referred to as “this purchase of assets”), Jinda Lighting was changed to a wholly-owned subsidiary of the company in May 2014. In order to further improve the development speed of Jinda Lighting and expand the market and business scale, the company plans to increase its cash by 59.2 million yuan.

According to the announcement, Liard realized the registered capital and paid-in capital of Jinda Lighting increased to 80 million yuan. The newly added registered capital and paid-up capital was 59.2 million yuan. The specific composition is: unallocated with Jinda Lighting. The profit was increased by RMB 3,621,300,000; the capital raised by the acquisition of Jinda Lighting was increased by 10.48 million yuan; the company's own capital was increased by 11.7 million yuan; the company's wholly-owned subsidiary, Shenzhen Liard, own funds of 800,000 yuan. Capital increase; Jinda Lighting became the holding subsidiary of the company after the capital increase, the company will hold 99% of its shares, and Shenzhen Liede holds 1% of its shares.

At the same time, all the original shareholders of Jinda Lighting unanimously agreed that after the capital increase, the rewards involved in the “Agreement on Issuing Shares and Paying Cash to Purchase Assets” signed by the company will be adjusted as follows: in the case of meeting the payment conditions of cash rewards, Yade has the right to deduct the amount of the remaining amount of cash in the commitment period of 2014, 2015, 2016, after deducting 1 million yuan per year and 3 million yuan in three years. If the cash reward is deducted by 3 million yuan If the value is 0 or negative, Liard does not need to pay a cash prize.

It is understood that as of April 30, 2014, Jinda Lighting's audited total assets of 105.569 million yuan, total liabilities of 45.123 million yuan, net assets of 60.327 million yuan, operating income of 38.871 million yuan, total profit of 778,700 yuan, net profit of 64.83 Ten thousand yuan.

Liard said that this capital increase to Jinda Lighting can promote the development of Jinda Lighting's production and operation and the improvement of operational efficiency, enhance the sustainable operation of Jinda Lighting; help to better serve and meet customer needs, and more Good expansion of existing markets and business; it is also conducive to the company's long-term planning and development. Part of the capital increase for Jinda Lighting is the company's own funds, which has a certain impact on the company's cash flow. If the capital increase does not meet expectations, it will have an impact on the company's cash use efficiency.

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