Huanxu Electronics: increase capital of wholly-owned subsidiary and make overseas investment through it

The board of directors and all directors of the company guarantee that there are no false records, misleading statements or heavy

in the contents of this announcement Investment profile: huanxu Electronics Co., Ltd. (hereinafter referred to as “the company”) plans to increase the capital of huanhong Electronics Co., Ltd. (hereinafter referred to as “huanhong Hong Hong Kong”) with a total of

capital in cash, and its newly established subsidiaries in Mexico, Poland and Vietnam for the construction of plant and equipment. The company plans to invest US $158 million
in cash to purchase equipment 8]
the cash capital increase of huanhong Hong Kong is used for the subsequent repayment of the syndicated loan of its French subsidiary. The company will pass

. This matter needs to be implemented after the report / record of development and reform, business and foreign exchange management departments is approved.

(1) in order to meet the long-term business development needs of the American market in the future, considering the factors of geography, talents, technology and the convenience of business

, the company plans to increase its capital in cash to huanhong Hongkong 4, Its wholly-owned subsidiary

usimx was established on September 9, 1997, and is invested by huanhong Hong Kong. It focuses on the development and production of various kinds of electronic products. Through the business cooperation modes of

design and manufacture (ODM), joint development and manufacturing (JDM) and electronic OEM manufacturing services (EMS +) by the original factory, the cross industry application of

such as automobile, consumer electronics and communication is carried out In order to make the production more competitive and meet the long-term business development needs of the European market, the company plans to increase the capital of huanhong Hong Hong Kong by US $40 million in cash, which is established by huanhong Hong Hong Kong

CHEP in 2007, which is located in the special Economic Zone of Poland. CHEP’s main business is PCB assembly and

led installation. Huanhai Electronics Co., Ltd., a wholly-owned subsidiary of huanhong Hong Hong Kong, paid RMB 7800 in October 2019, The company acquired 60% of the equity of CHEP, and CHEP became the indirect holding subsidiary of the company, and the remaining 40%

(3) due to the needs of business development and global industrial layout, the company plans to set up new production bases

points in Southeast Asia to meet the order demand of overseas customers. The company plans to increase the capital of huanhong Hong Kong 4 in cash, The investment has been approved by the 16th meeting of the 4th board of directors held by the company on December 12, 2019. This capital increase has been deliberated and approved by the 18th meeting of the 4th board of directors held by the company on December 12, 2019 The capital increase matters need to be submitted to the company

(III) this capital increase does not constitute related party transactions, nor does it constitute the administrative measures for material assets reorganization of listed companies. Business scope: receiving orders and entrusting external processing and sales of electronic products, and providing relevant technical consulting services Design, development, manufacturing, testing, technical support, service, marketing, distribution and sales system level

as of the date of this announcement, USI (France) is a wholly-owned subsidiary of the company, which is specially for the acquisition of financi è re

1. This capital increase will increase overseas plant expansion, enhance the company’s production competitiveness, meet the company’s development strategic planning and long-term business development in the future

Exhibition demand. After the capital increase, huanhong Hong Kong is still a wholly-owned subsidiary of the company, which will not change the scope of the consolidated statements of

. This capital increase will not cause significant difference to the company’s financial situation and future business results

this capital increase is the decision of the company from the long-term development strategy Bureau, which may face risks in operation management and

market environment in the actual operation process; the capital increase needs to be approved by relevant national departments before implementation, and the company will comply with relevant national laws

if the relevant laws and regulations of
can not be filed due to the force majeure of the country or region, or the relevant laws and regulations of the country or region where the project is located, or the relevant laws and regulations of the country or region where the project is located can not be filed, or if the relevant laws and regulations of the country where the project is located, or the relevant laws and regulations of the country where the project is located are changed, or the relevant laws and regulations of the country where the project is located, or the relevant laws and regulations of the country where the project is located, or the,

this foreign investment is overseas investment, and the products sold by overseas companies are all collected in foreign currency. If the exchange rate produces a large

interest rate risk mainly comes from the overseas local interest rate level and fluctuation range, and the interest rate change will affect the loan demand

Author: zmhuaxia