Qinshang Optoelectronics transferred 13 million shares of Shandong Jinyuanqin on 13 million yuan

On August 22, Qinshang Optoelectronics announced that in order to adapt to the latest situation of the domestic LED lighting terminal application market and optimize the company's market layout in the country, Qinshang Optoelectronics intends to hold 65% equity of Shandong Jinyuanqin Shangguang Co., Ltd. by agreement. All of them were transferred to the natural person, Hao Dejin, at a transfer price of RMB 13 million.

It is reported that Shandong Jinyuan is mainly engaged in the production and sales of electronic components, LED lighting products, LED technology development and services, lighting engineering, urban lighting, landscape engineering design, installation and maintenance.

Qinshang Optoelectronics believes that this equity transfer is a decision made from the actual production and operation of the company. Since Qinshang Optoelectronics invested in Shandong Jinyuan, Shandong Jinyuan has been in a state of slight loss. In order to reduce investment risks, Qinshang Optoelectronics agreed to this time. Equity transfer, all exited the investment in Shandong Jinyuan. Due to the reversal of the previous year's investment gains and losses, the income from this equity transfer was 1.61 million yuan. Qinshang Optoelectronics said that the equity transfer will not have a major impact on its normal operations, which is in line with its actual development and will not harm the interests of the company and its shareholders.

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