San An Opto Electronic Controlling Shareholder 11 Million 500 Thousand Electronic Supplement Pledge

- Nov 01, 2018-

Recently, the controlling shareholder Xiamen Sanan Electronics Co., Ltd. (hereinafter referred to as "Sanan Electronics") pledged 11.5 million shares to Xiamen Branch of Minsheng Bank of China Limited for supplementary pledge.——LED chip

According to Digbei. com, Sanan Electronics has pledged 11.5 million shares (0.28% of the company's total share capital) of its unlimited circulation shares to Xiamen Branch of Minsheng Bank of China Limited. The relevant procedures were completed in China Securities Registration and Settlement Co., Ltd. on October 26, 2018.——LED chip

San an electronics is a wholly owned subsidiary of the San an group. As of this announcement date, Sanan Group holds 351 million shares of the company, with a total pledge of 96.9 million shares; Sanan Electronics holds 1.214 billion shares of the company, with a total pledge of 1.029 billion shares. The two companies hold 1.565 billion shares of the company (about 38.38% of the company's total share capital), 1.126 billion shares are pledged, and the pledged shares account for 71.95% of the shares held by the two companies.——LED chip

Sanan Group and Sanan Electronics are the controlling shareholders of the company. They are in good credit condition and have good anti-risk ability. They carry out supplementary pledge of stocks according to their own needs. Future repayment sources mainly include business income, investment income and other income. They have the ability to repay funds, and there is no liquidation risk or forced liquidation. If the company's stock price fluctuates to the early warning line, Sanan Electronics will take active measures, including but not limited to capital replenishment, additional pledge, early repayment and so on.——LED chip

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