On the evening of March 1, Jucan Optoelectronics (hereinafter referred to as “the companyâ€) issued the “Announcement on Changing the Raised Funds Investment Project and the Capital Increase of the wholly-owned Subsidiariesâ€. The announcement stated that the company plans to change the fundraising investment project and increase the capital of the wholly-owned subsidiary by 150 million yuan.
According to the announcement, the project time for the LED chip production R&D project of Jucan Optoelectronics Technology Co., Ltd. was May 8, 2015, and the main body of the implementation was Jucan Optoelectronics Technology Co., Ltd. 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. 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.
In order to improve the efficiency of the use of raised funds, combined with the specific requirements of the company's business development strategy and project construction, the company intends to change the original fundraising project “Jucan Optoelectronics Technology Co., Ltd. LED chip production R&D project†to “Jucan Optoelectronic Technology (Suqian) Co., Ltd. LED epitaxial wafer, chip production research and development project (Phase I). This change in the raised funds investment project does not constitute a connected transaction.
“The project of LED epitaxial wafer and chip production R&D project (Phase I)†of Jucan Optoelectronic Technology (Suqian) Co., Ltd. was established on January 5, 2018. The main body of the implementation is Jucan Optoelectronic Technology (Suqian) Co., Ltd. (hereinafter referred to as “ Jucan Suqian"). The total investment of the project is 615.931 million yuan, of which: construction investment is 61.835 million yuan, construction period interest is 8.57 million yuan, and working capital is 34.503 million yuan. The first phase plans to use raised funds of 145,580,800 yuan (including derivative interest), and the rest will be self-financed by applying for loans from banks.
In addition, Jucan Optoelectronics also announced that after the 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 of Jucan Suqian 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 from Jucan Suqian.
The data shows that Jucan Suqian was established on June 5, 2017. The business scope includes: research and development, assembly, production and sales of lighting devices, display devices, optoelectronic devices, LED graphic substrates, LED research and development, and LED chip development. , production, sales, technical services; self-operated and agent import and export business of various commodities and technologies (except for goods and technologies that are restricted by state-controlled enterprises or prohibited from importing and exporting); installation, commissioning and maintenance of system engineering of LED application products; contract Energy management (projects subject to approval according to law may be subject to business activities after approval by relevant departments).
Jucan Optoelectronics said that 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 in the wholly-owned subsidiary Jucan Suqian, 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.
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