September 21, 2021

Shida LED subsidiary Huida Optoelectronics wants to impact the new three board

Shenzhen Shiyida Technology Co., Ltd. (hereinafter referred to as "the company" or "listed company") at the fifteenth meeting of the fourth board of directors reviewed and approved "about the subsidiary Shenzhen Huida Optoelectronics Technology Co., Ltd. Proposal for the listing of the share transfer system, the company's subsidiary Shenzhen Huida Optoelectronics Technology Co., Ltd. (hereinafter referred to as “Huida Optoelectronics”) intends to apply for the transfer of shares in the national SMEs in compliance with relevant national laws, regulations, policies and conditions. The system (hereinafter referred to as the "share transfer system") is listed.

As of March 31, 2015, the company's total assets of 23,484,166.77 yuan, net assets of 16,092,545.06 yuan; 2015-1-3 months realized operating income of 3,660,378.65 yuan, net profit -335,713.64 Yuan (unaudited data). Based on the 2014 audited statements, the listed company holds a 43.86% stake in Huida Optoelectronics. In 2014, the listed company's net profit attributable to equity was -115.98 million yuan, accounting for -8.12% of the net profit of the listed company's owner in the consolidated statement of the listed company; at the end of 2014, its net assets were RMB 7,205,400, accounting for the listed company. The consolidated statement is attributable to 1.44% of the parent company's net assets.

It is reported that Huida Optoelectronics is mainly engaged in the production, research and development and sales of LED light-emitting diodes. The company and other holding subsidiaries other than Huida Optoelectronics do not engage in the above-mentioned business. The main business of Huida Optoelectronics does not exist in the same industry. It is also not a core business of a listed company.

This Huida Optoelectronics intends to apply for listing in the stock transfer system, which is conducive to Huida Optoelectronics to further improve the corporate governance structure, improve the management level, enhance the brand influence, improve the incentive mechanism, stabilize and attract outstanding talents, expand financing channels, and enhance The core competitiveness is in line with the company's long-term development strategy.

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