Mulinsen: 300 million yuan increase in capital to develop crystal holdings rose to 25.50%

On the evening of June 28, Mulinsen Co., Ltd. announced that the company intends to increase the capital of its own capital of RMB300,000,000 to develop Jingguang Lighting (Xiamen) Co., Ltd. (hereinafter referred to as “Development Crystal”), and obtain the proportion of crystal holding shares through this capital increase. Increased from 10.91% to 25.50%.

The 30th meeting of the second board of directors of Mulinsen reviewed and approved the “Proposal on the Investment in the Development of Jingguang Lighting (Xiamen) Co., Ltd.”. The company and the development of Jing and its shareholders Shenzhen Great Wall Development Technology Co., Ltd. (hereinafter referred to as "Shen Technology"), EpistarJVHolding (BVI) Co., Ltd. (hereinafter referred to as "Jingyuan Optoelectronics"), Yi Guanjing (Fujian) Optoelectronics Limited There is no relationship between the company (hereinafter referred to as “Yuanguanjing”), CountryLighting and LarganBrightHoldings. Therefore, this investment does not involve related party transactions, does not constitute a major asset reorganization, and the transaction amount has not reached the scope of deliberation of the shareholders meeting. It can be implemented after being reviewed and approved by the board of directors.

As of the date of signing this agreement, the registered capital of Development Crystal is US$136,551,724 and 6 shareholders. Development Crystal was established in April 2011, and is owned as to 44% by China Electronics Core Enterprise Shenshen Technology, and Jingyuan Optoelectronics (40%) ), Yi Guanjing (9%) and CountryLighting (7%) joint venture.

After the completion of this investment, Mulinsen will extend the upstream of the LED industry chain through strategic investment, complete the layout of the entire industry chain, and play an important role in the future development of the company. At the same time, through the cooperation between the development of Crystal and the United States Bridgelux in the patent technology and market, the company's related products can effectively open up foreign patent barriers, paving the way for the company's products to go international, which will further enhance the company's brand influence and core competition. force. Thereby increasing the company's operating income to create better value returns for shareholders.