Sanan Optoelectronics gains 420 million yuan from its controlling shareholder

On the evening of the 30th, Sanan Optoelectronic Co., Ltd. announced that as of May 30, 2018, Sanan Group’s shareholder Sanan Group has cumulatively increased 20,710,405 shares of the company’s shares, and increased the holding amount by 421,795,100.40 yuan, accounting for approximately 0.51 of the company’s total share capital. %.

Prior to this shareholding increase plan, Sanan Group held Xiamen Sanan Electronics Co., Ltd. as its shareholding ratio of 100%, and Xiamen Sanan Electronic Co., Ltd. held approximately 29.76% of the Company’s shareholding. Sanan Group holds the The company's equity ratio is approximately 7.86%, and the total shareholding ratio is approximately 37.63%. Sanan Group is a controlling shareholder of the company.

According to the plan of increasing shareholding, based on the confidence in the future sustainable development of Sanan Optoelectronics, within 3 months from May 2, 2018, the cumulative increase in the shareholding of Sanan Group (including this increase in holdings) is not less than 5 RMB 100 million, not exceeding RMB 1.5 billion, and the cumulative increase in shareholding does not exceed 2% of the total issued shares of the company. If during the implementation period of the increase holding plan, the listed company’s stock is suspended for more than 10 trading days due to the planning of major issues. 2. The plan for increase in shareholding shall be postponed and promptly disclosed after the resumption of shares.

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