According to the announcement, the project time for the LED CHIP production R&D project was settled down on May 8, 2015. The total planned investment of the project is about 352.071 million yuan, of which 14954.56 million yuan will be used for the project of led chips. The project will produce 1.8 million high-end LED chips per year. Up to now, the construction of the project has not been fully carried out, and the funds raised have not been put into use.
The relevant approval documents have been obtained for the proposed change of investment projects, as follows:
the change of the fundraising project did not substantially change the investment direction of the raised funds and the project implementation content, and remained highly consistent with the company's main business. There was no situation in which the fundraising was changed in disguise and the interests of shareholders were damaged. At the same time, all the raised funds (including derivative interest) and some of the self-owned funds will be invested, which will help strengthen the capital strength of the subsidiaries, reduce financial risks, optimize resource allocation and improve management efficiency. Long-term development strategy and planning.
In addition, company intends to change the fundraising investment project, it plans to increase the capital of the company to RMB 150 million, of which the fund source will raise all funds (including derivative interest) and some of its own funds. After the capital increase, the registered capital will be changed to 200 million yuan, and the company still holds 100% of the shares. The RMB 127.90 million of the 150 million yuan is intended to be used to replace the company's equipment purchases in the previous period, and the balance is intended to be used for the purchase of other new equipment.
The change of the fundraising project did not substantially change the investment direction of the raised funds and the project implementation content, and remained highly consistent with the company's main business. There was no situation in which the fundraising was changed in disguise and the interests of shareholders were damaged. At the same time, all the raised funds (including derivative interest) which will help strengthen the capital strength of the subsidiaries, reduce financial risks, optimize resource allocation and improve management efficiency. Long-term development strategy and planning.
