Securities code: 002765 securities abbreviation: Landai Technology Group Corp.Ltd(002765) Announcement No.: 2022-015
Landai Technology Group Corp.Ltd(002765)
Announcement on investment and establishment of wholly-owned subsidiaries by subsidiaries
The company and all members of the board of directors guarantee that the information disclosed is true, accurate and complete without false records, misleading statements or major omissions.
1、 Overview of foreign investment
According to the business development needs of Landai Technology Group Corp.Ltd(002765) (hereinafter referred to as “the company”), Shenzhen taiguan Technology Co., Ltd. (hereinafter referred to as “taiguan technology”), a wholly-owned subsidiary of the company, plans to invest in Chongqing Xuanyu Photoelectric Technology Co., Ltd. (hereinafter referred to as “Xuanyu photoelectric”) in Bishan District of Chongqing with its own capital currency of RMB 1 million.
According to the articles of association, the company’s measures for the administration of foreign investment and other relevant provisions, the foreign investment of the company’s wholly-owned subsidiary belongs to the deliberation and approval authority of the company’s general manager’s office meeting, and does not need to be submitted to the company’s board of directors for deliberation. This foreign investment does not constitute a connected transaction, nor does it constitute a major asset reorganization as stipulated in the administrative measures for major asset reorganization of listed companies.
Recently, taiguan technology completed the registration procedures for the establishment of its wholly-owned subsidiary Xuanyu optoelectronics, and obtained the business license issued by Chongqing Bishan district market supervision and Administration Bureau. The relevant registration information approved by the business license is as follows: 1. Name: Chongqing Xuanyu Photoelectric Technology Co., Ltd
2. Unified social credit Code: 91500120ma7gm2px9e
3. Type: limited liability company (sole proprietorship of legal person)
4. Address: No. 269, Jianshan Road, Qinggang street, Bishan District, Chongqing
5. Legal representative: Zhu Junhan
6. Registered capital: RMB 1 million
7. Business term: February 14, 2022 to permanent
8. Business scope: new material technology promotion services; Optical glass sales; Optical glass manufacturing; Glass manufacturing; Optoelectronic device manufacturing; Manufacturing of other electronic devices; Manufacturing of intelligent on-board equipment; Technology import and export; Import and export of goods. (except for the items that must be approved according to law, the company shall independently carry out business activities according to law with its business license)
2、 Purpose of foreign investment, impact on the company and existing risks
1. Purpose and impact of this foreign investment
Taiguan technology, a wholly-owned subsidiary of the company, established a wholly-owned subsidiary in Bishan District, Chongqing Based on the needs of the company’s development strategic layout. It aims to expand cover glass and other related businesses in Southwest China, further expand the scale of the company’s touch display business, improve the company’s overall profitability and promote the sustainable and healthy development of the company.
The capital source of the wholly-owned subsidiary invested by the company’s subsidiary is the subsidiary’s own capital, and the investment amount is small. In the short term, it will not have a significant impact on the company’s future financial situation and operating results, nor will it damage the interests of the company and shareholders; In the long run, it meets the company’s strategic planning and business needs, and plays a positive role in promoting the company’s future development.
2. Possible risks
When conducting business in the future, the newly established wholly-owned subsidiary may face risks in the market competition environment, talent reserve, management, technology update and product upgrading. Therefore, the company will timely study and judge the development and change trend of touch display industry, increase R & D investment, keep up with the pace of market changes, and actively develop and cultivate new customers, Establish a good operation and management team and technical service team to maintain and enhance the company’s core competitiveness and promote the sustainable and steady development of the company. Please make careful decisions and pay attention to investment risks.
3、 Documents for future reference:
1. Minutes of the general manager’s office meeting;
2. Business license of Xuanyu optoelectronics.
It is hereby announced.
Landai Technology Group Corp.Ltd(002765) board of directors February 15, 2022
