【 Brief Message 】 Country Star 15.7 Million Sale Of Subsidiaries, Abissen Hired New Deputy General Manager

- Mar 15, 2019-

China star power 15.7 million yuan to sell 100 percent of the subsidiary xinye guoxing

Yesterday (14) evening, the country star power issued a notice disclosed the transfer of wholly-owned subsidiary xinye county country star semiconductor lighting co., LTD. (hereinafter referred to as "xinye country star") 100% equity progress.

In September 2018, China starlight power announced to sell 100% of its wholly-owned subsidiary xinye guoxing.

After the verification and confirmation of guangdong united property rights trading center, xinye county jinmao standardized plant investment co., ltd. successfully delisted the 100% equity of xinye guoxing which was publicly transferred by the company, and the delisted price was 15.7 million yuan.

Recently, the company and xinye county jin MAO standardized plant investment co., LTD signed the "property rights transaction contract."

It is reported that the business scope of xinye guoxing includes the production and sales of LED devices, display screens, LED traffic lights, semiconductor lighting, semiconductor integrated circuits, photoelectric module groups, electronic tuners, electronic components, components;

Photoelectric products processing with supplied materials;

Undertake LED display, lighting, lighting engineering.

After the completion of this equity transfer, China starlight power will no longer hold the equity of xinye guoxing. This asset transfer is conducive to optimizing the company's asset structure, improving the quality of operation, and promoting the company to invest resources in more efficient and high-value fields, which will not adversely affect the company's production and operation.

Albison was appointed deputy general manager and secretary of the board of directors

On the same day evening, Abby's announcement, said the company held on March 14, 2019, the third session of the board of directors meeting examined and approved the 29 on the appointed deputy general manager, the board secretary bill, the board of directors agreed to employ wei-ling sun, deputy general manager for the company, the board secretary ms office in accordance with the third term of board of directors.

As of the date of disclosure of this notice, Ms. Sun weiling has been granted 20,000 restricted shares and 20,000 stock options.

Ms. Sun weiling is not associated with the controlling shareholder of the company, the shareholder holding more than 5% of the company's shares, the company's directors, supervisors and senior managers.

Recently, Mr. Zhang wenlei, former deputy general manager and secretary of the board of directors of abissen, resigned from the position of deputy general manager and secretary of the board of directors due to work adjustment. He still works in the company after resigning.