Guoxing Optoelectronics plans to increase the capital of its holding subsidiaries, Yaweilang and Guoxing Semiconductor, by 77.25 million yuan.

Recently, Guoxing Optoelectronics (002449) announced that it intends to have a free capital of 60 million yuan to increase its capital to Foshan Guoxing Semiconductor Technology Co., Ltd., a holding subsidiary. After the capital increase, the registered capital of Guoxing Semiconductor will increase from RMB 600,000 to RMB. 660 million yuan, the company holds a total investment of 49 million yuan of National Star Semiconductor, accounting for 74.24% of the registered capital after the completion of the capital increase of National Star Semiconductor.

According to the data, Foshan Guoxing Semiconductor Technology Co., Ltd. was established on March 10, 2011. Its business scope covers production, R&D and sales: LED epitaxial wafers and chips, LED devices, LED light sources and lighting products. Guoxing Semiconductor is a holding subsidiary of Guoxing Optoelectronics. Before the capital increase, Guoxing Optoelectronics held its 71.67% stake.

Guoxing Photovoltameter will increase its capital to National Star Semiconductor to meet its business development needs. Through this capital increase, the company intends to promote the development of LED upstream chip, further enhance the company's technical level in the LED upstream field, adjust and optimize the product structure, continuously strengthen the market competitiveness in the upstream of LED, improve the profitability of upstream business, and enhance Comprehensive strength. It is conducive to the enterprise development strategy of “based on packaging, bigger and stronger, taking into account the vertical integration of upstream and downstream”.

Guoxing Optoelectronics said that this capital increase will not have a major impact on the company's performance, in line with the company's long-term strategic development plan and the interests of all shareholders.

At the same time, Yaweilang Technology, as a holding subsidiary of Guoxing Optoelectronics, has a registered capital of RMB 120 million.

Guoxing Optoelectronics said that in order to fully promote the company's corporate development strategy and meet the requirements of Yaweilang's business expansion, the company intends to increase its capital with Yaweilang Technology with its own funds of 17.25 million yuan. After the capital increase is completed, the registered capital of Yaweilang Technology will be RMB 120 million was increased to RMB 137.25 million. The company held a total investment of RMB 92.25 million from Yaweilang Technology, accounting for 67.21% of the registered capital after the completion of the capital increase of Yaweilang Technology.

According to the announcement, Yaweilang Technology was established on October 19, 2009. The business scope is general business items: R&D and manufacturing of LED epitaxial wafers and chips, semiconductor lighting equipment and photoelectric modules; LED display system engineering, urban lighting lighting engineering construction; lighting equipment design; sales of self-produced products and technical consultation Services; import and export of goods and technology import and export.

Yaweilang Technology is the holding subsidiary of the company. Before the capital increase, the company holds 62.5% of its equity.

This time, the company increased its capital to Yaweilang Technology to meet its business development needs. Through this capital increase, the company intends to promote the development of LED upstream chip, further enhance the company's technical level in the LED upstream field, adjust and optimize the product structure, continuously strengthen the company's market competitiveness in the upstream of LED, and improve the profitability of upstream business. Enhance the company's comprehensive strength. It is conducive to the company's enterprise development strategy of “based on packaging, bigger and stronger, taking into account the vertical integration of upstream and downstream”.

Guoxing Optoelectronics said that this capital increase will not have a major impact on the company's performance, in line with the company's long-term strategic development plan and the interests of all shareholders.

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