Nearly 237 million! Sanxiong Aurora has invested in "LED Intelligent Lighting Production Base Construction Project"
On July 26, Sanxiong Aurora issued a notice stating that the company held the ninth meeting of the third board of directors on July 25, 2017. The meeting reviewed and approved the proposal on the main body and implementation location of the newly-raised part of the fundraising project. ", agree to the fundraising project "LED intelligent lighting production base construction project" to increase the implementation of the main body and increase the implementation location.
The main body and implementation site of this new fundraising project involves the “LED Intelligent Lighting Production Base Construction Projectâ€. The original planned implementation of the project is Sanxiong Aurora, and the implementation site is No. 1 Lambei Road, Lamao Town, Nansha District, Guangzhou. The plot is still in the planning stage and has not yet started construction.
The specific contents of the implementation body and implementation location of this new fundraising project include:
1. Increase the wholly-owned subsidiary Zhaoqing Sanxiong Aurora Lighting Co., Ltd. (hereinafter referred to as “Zhaoqing Sanxiongâ€) as the main body of the project;
2. Increase the number of implementation sites of the project at No. 59 Dawang Avenue, Zhaoqing High-tech Zone, where the Sanxiong Zhaoqing is located;
3. Increase the location of the company's branch office. Liangdiyu Industrial Zone, Lamao Town, Nansha District, Guangzhou is the implementation site of the project.
In addition to the aforementioned changes, the total investment, the amount of funds invested, and the construction content of the fundraising project will not change. According to the announcement, the total investment of the project is 237 million yuan. Details are as follows:
Sanxiong Aurora's subsidiaries and production bases have different emphasis on product categories. Zhaoqing Sanxiong is the company's main production base for light sources and brackets, providing supporting services for LED intelligent products. In order to give full play to the advantages and strengths of each base and avoid redundant construction, Zhaoqing Sanxiong was added as the main body of the “LED Intelligent Lighting Production Base Construction Projectâ€.
The new implementation main body and implementation site of the LED intelligent lighting production base construction project have not changed the investment of the raised funds, and are not a substantial change of the fundraising project, and will not have a substantial impact on the implementation of the LED intelligent lighting production base construction project. There is no harm to the interests of the company and shareholders, especially small and medium shareholders.
In addition, the increase of the implementation main body and implementation location of the LED intelligent lighting production base construction project is conducive to the smooth implementation of the fundraising project and improve the efficiency of the use of raised funds; it is conducive to speeding up the listing of the company's smart products and enhancing the market competitiveness of the company's products. To improve the company's operating efficiency, in line with the company's long-term development plan.
Sanxiong Aurora will strictly abide by the relevant regulations on the use of raised funds, strengthen the internal and external supervision of the use of raised funds, and ensure that the use of raised funds is legal and effective.
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