Three Security Photoelectric To Be 276 Million Set Three Wholly-owned Sun Company

- May 27, 2017-

Three security photoelectric to be 276 million set three wholly-owned Sun company

(22) evening, San'an Optoelectronics Co., Ltd. (hereinafter referred to as the "Company") issued a notice, the company's eighth session of the Board of Directors at the 43rd meeting of the company approved a wholly owned subsidiary of its own funds to set up wholly-owned Company's motion.

According to the announcement, the Company decided to set up a wholly-owned subsidiary in Hong Kong with a wholly-owned subsidiary, Hong Kong San An Optoelectronics Co., Ltd. with its own monetary fund of US $ 10 million (equivalent to approximately RMB 68,948,000) to fund the R & D, Production and sales.

Second, a wholly-owned subsidiary, Xiamen Sanan Integrated Circuit Co., Ltd., will set up a wholly-owned subsidiary in Hong Kong with its own currency of US $ 20 million (equivalent to approximately RMB138 million), principally engaged in the development, production and sales of filters. After the establishment of the company, the Hong Kong company will be the main body of investment, in accordance with the relevant laws and regulations in Japan to own currency funds 90 million yen to set up wholly-owned subsidiary, mainly engaged in compound semiconductor research and development work.

In addition, the wholly-owned subsidiary of Xiamen San'an Optoelectronics Co., Ltd. is also intended to set up a wholly-owned subsidiary of Xiamen Sanan Gas Co., Ltd. with its own monetary funds of RMB 10 million (equivalent to RMB 68,948.8 million), mainly engaged in special gas Research and development, production and sales.

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