Wanrun Technology plans to acquire a 22% stake in a certain LED company for 30 million yuan

Wanrun Technology announced on the evening of August 3 that it plans to invest 30 million yuan in its own investment in Zhongshan Ouman Technology Lighting Co., Ltd. Among them: 2,825,500 yuan to subscribe for new registered capital, 27,179,500 yuan to be included in the capital reserve, and the original shareholder of Auman Technology simultaneously transferred the equity. After the completion of the capital increase and equity transfer, Wanrun Technology holds a 22% stake in Auman Technology. The data shows that Auman Technology is mainly engaged in LED high and low voltage strips, LED commercial lighting and landscape lighting products, and is a major customer of Wanrun Technology LED packaging devices. In the first half of 2015, Auman Technology realized operating income of RMB 47,087,913.11 and net profit of RMB 2,283,255.55. The original shareholders of Auman Technology jointly promised that Auman Technology should achieve the following business objectives: net profit of not less than RMB 15 million in 2015; net profit of not less than RMB 19.5 million in 2016, and net profit growth rate of 2015 The annual profit reached 30%; the net profit in 2017 was not less than 25.35 million yuan, and the net profit growth rate reached 30% in 2016. Wanrun Technology said that the company's use of its own funds to invest in Auman Technology is conducive to stabilizing, consolidating and deepening the partnership with Auman Technology in the upstream and downstream of the LED industry chain, improving the industrial chain and driving the digestion of packaging capacity. Scale advantage, further increase the market share of the company's packaged devices, improve profitability; help to further enrich the company's foreign investment, increase investment income.

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