Snowlight Optoelectronics Announces Abnormal Fluctuations in Stock Trading
The company and all members of the board of directors guarantee the truthfulness, accuracy and completeness of the contents of the announcement, and there are no false records, misleading statements or major omissions.
I. Introduction to abnormal fluctuations in stock trading
As of January 28, 2008, the company's closing price increase for the three consecutive trading days has accumulated more than 20%. According to the relevant regulations of the Shenzhen Stock Exchange Listing Rules, stock trading is unusually volatile. The company will suspend trading for one hour at 9:30 on January 29, 2008 and resume trading at 10:30.
Second, the company pays attention to and verify the relevant situation
1. After consulting the board of directors and management of the company, it is known that the current production and operation of the company are all normal and there is no information that should be disclosed but not disclosed.
2. Mr. Chai Guosheng, the first major shareholder of the company and the actual controller of the company, said that there is no asset injection or other events affecting the company's stock price.
3. Whether there is a statement of material information that should be disclosed but not disclosed
The announcement of the “Interim Measures for the Administration of the Management of Financial Subsidy Funds for Efficient Lighting Products Promotion†issued by the Company on January 23, 2008 (see Securities Times, January 24). The announcement stated that our company has learned from the news of the relevant official website that the Ministry of Finance and the National Development and Reform Commission jointly issued the Interim Measures for the Administration of Financial Subsidy Funds for Efficient Lighting Products Promotion. The financial subsidies will focus on supporting efficient lighting products to replace incandescent lamps in use. And other inefficient lighting products. The "Measures" stipulate that for each high-efficiency lighting product of the large-scale users, the central government will subsidize 30% of the supply price of the winning bid agreement; for each efficient lighting product of urban and rural residents, the central government will subsidize 50% of the supply price of the winning bid.
As of January 28, the company has not been informed of the body of the document. If implemented, it will likely have a positive effect on the growth of domestic sales of self-ballasted fluorescent lamps for general lighting of our company's main products. However, as the company has not yet obtained the text of the document, and the country has not yet announced the specific measures for bidding for high-efficiency lighting products, the company is currently unable to predict the specific degree of impact it will have on the company's operations.
The board of directors of the Company confirmed that the company did not disclose or undisclosed matters related to the matters in accordance with the relevant provisions of the Shenzhen Stock Exchange Listing Rules, or the planning, negotiation, intention, agreement, etc. related to the matter. The board of directors also did not know the company. There are information that should be disclosed according to the “Shenzhen Stock Exchange Listing Rules†and other relevant provisions that have not been disclosed, which have a significant impact on the trading prices of the company's stocks and their derivatives.
Fourth, risk tips
The newspapers designated by the Company for information disclosure are Securities Times. The designated information disclosure website is Juchao Information Network. All publicly disclosed information of the company is subject to the official announcements published in the above-mentioned designated newspapers and websites. Investors should invest rationally. Pay attention to investment risks.
Special announcement
Guangdong Snowlight Optoelectronics Technology Co., Ltd.
January 29, 2008
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