Zhengtong Electronics plans to acquire Dingzhou to win the bid to expand the LED lighting market

Announced on September 9th, Zhengtong Electronics (002197) opened the fourteenth (provisional) meeting of the third board of directors, deliberating and passing the "Proposal on the Company's acquisition of Dingzhou City's bid-winning energy-saving technology service with company equity and undertaking business", agreeing The company invested RMB 100,000 to acquire 100% of the capital contribution (equity) of Dingzhou Zhongbiao Energy Saving Technology Service Co., Ltd., a wholly-owned subsidiary of Beijing Zhongbiao Optoelectronics Technology Co., Ltd., and all the assets and business of Dingzhou.

The company's current main business is the development, production and sales of financial electronic payment equipment, and is engaged in the research and development, production and sales of LED lighting electronics and related trading business.

The company intends to invest 100,000 yuan to acquire 100% equity of Dingzhou won the bid of Beijing Zhongbiao's wholly-owned subsidiary. The main purpose is to receive 100% of the capital contribution (equity) and related business of Dingzhou to win the bid to enhance the company's LED lighting electronics industry. The scale of business enhances the company's competitiveness in the LED lighting electronics industry, enhances the company's performance and improves the company's operating profitability.

Zhengtong Electronics said that due to the construction and contracting period of Dingzhou City's energy-saving lighting project for 12 years, there are risks such as the construction process of the project due to changes in government policies and environmental changes; there is a large amount of funds required for the overall project, follow-up funds Insufficient risk; there is a lack of experience in project management and organizational implementation, resulting in a risk that the revenue does not reach the expected level. The company will control risks by strengthening the management of project companies and construction projects, and investing funds in stages.

The implementation period of Dingzhou City Energy-saving Lighting Project is long, and the performance of the project will not have a significant impact on the company's 2014 performance, which will have a certain positive impact on the company's performance in 2015 and in the next few years.

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