Qinshang Optoelectronics announced on the evening of April 5th that the company held the second meeting of the fourth board of directors on April 5, 2017, and reviewed and approved the “Proposal on Signing the Partner's Property Share Transfer Agreementâ€, agreeing that the company will hold the company. The right to 99% of the capital contribution of Guangdong Huiqin Investment Center (Limited Partnership) was transferred to Guangdong Huijun Investment Management Co., Ltd. at a price of RMB 1. The company has signed the “Partner Property Share Transfer Agreement†with Huijun Investment, and the company no longer acts as a limited partner of the Industrial Investment Fund after the transfer. According to the announcement, the investment fund was reviewed and approved at the 7th meeting of the third board of directors of Qinshang Optoelectronics on November 14, 2014. At the beginning, the industrial investment fund was 100 million yuan, and Huiyu was nicknamed the industry. The general partner of the investment fund has a capital contribution of RMB 1 million, accounting for 1.00% of the total size of the fund, enjoying the rights of the general partner and undertaking corresponding obligations. Qinshang Optoelectronics Co., Ltd. is a limited partner of the Industrial Investment Fund with a capital contribution of RMB 99 million, accounting for 99.00% of the total fund size. It enjoys the rights of limited partners and assumes corresponding obligations. According to the announcement, the investment direction of the industry investment fund is mainly used to invest in LED lighting, environmental protection and energy conservation and related industries, target companies or assets, cooperate with the company to conduct mergers and acquisitions and industrial integration, continuously improve the industrial layout, promote strategic development, and consolidate the status of the industry. To enhance comprehensive competitiveness. Qinshang Optoelectronics said that after the establishment of the industrial investment fund, the company has not officially contributed to the industrial investment fund. According to the company's current development plan and industrial layout, in order to further improve the efficiency of fund use, after careful consideration, the company and Huijun Investment signed the “Guangdong Huiqin Investment Center (Limited Partnership) Partner Property Share Transfer Agreementâ€, which will be held by the company. The right of 99% of the investment fund of the industrial investment fund is transferred to Huijun Investment at a price of RMB 1. After the transfer, the company no longer acts as a limited partner of the industrial investment fund.
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