The profitability of Landwells is optimistic, and the price of Mulinsen's resumption of trading has reached 40 yuan!

According to the official report of Mulinsen Lighting, Mulinsen Co., Ltd., based on the planning of major foreign investment matters, in accordance with the "Shenzhen Stock Exchange Listing Rules" and the "SME Information Disclosure Business Memorandum No. 14: Listed Companies Suspended Trading" provisions, Upon application by the company, Mulinsen stock was suspended from 15:00 on July 15, 2016. On April 13, 2017, Mulinsen received the “Response Letter on the Reorganization of Mulinsen Co., Ltd.” issued by the Management Department of the Small and Medium-sized Board of Shenzhen Stock Exchange. According to the requirements of the “Inquiry Letter”, the company and the intermediary have already asked The questions involved in the inquiry will be implemented on a case-by-case basis and in writing. Upon application to the Shenzhen Stock Exchange, Mulinsen shares will resume trading on May 2, 2017 (Tuesday). According to the restructuring plan, Mulinsen intends to acquire a 100% equity interest in Mingxin Optoelectronics held by Harmony Mingxin and Zhuo Rui Investment by way of issuing shares and paying cash to purchase assets and raising matching funds. Among them, Harmony Mingxin's shareholding ratio is 99.99%, and Zhuo Rui Investment's shareholding ratio is 0.1%. According to public information, Mingxin Optoelectronics' main asset is 100% equity of LEDVANCE. According to Mulinsen’s previous announcement, the main body of the acquisition of LEDVANCE is Harmony Mingxin (Yiwu) Optoelectronics Technology Co., Ltd. (ie Mingxin Optoelectronics), a subsidiary of Harmony Mingxin Limited Partner (ie Harmony Mingxin). Harmony Mingxin is composed of IDG Capital, Mulinsen and Yiwu State-owned Assets Operation Center. On March 3 this year, Mingxin Optoelectronics and LEDVANCE GmbH's original shareholder OSRAM GmbH and LEDVANCE LLC's original shareholder OSRAM SYLVANIA INC. officially completed the equity transfer of the transaction. At this point, Mingxin Optoelectronics holds a 100% stake in LEDVANCE and has successfully completed the overseas equity acquisition of LEDVANC. After the completion of this transaction, Mulinsen will hold 100% equity of Mingxin Optoelectronics, Mingxin Optoelectronics will become a wholly-owned subsidiary of Mulinsen. LEDVANCE is set up by Osram, the world's second largest lighting products and solutions provider, to take over the general lighting business and will undertake the OSRAM general lighting business. In a reply to the Shenzhen Stock Exchange's inquiry letter, Mulinsen mentioned that during the reporting period, the overall gross profit margin of LEDVANCE remained above 20%. Due to the transformation of business strategy, a large amount of restructuring related expenses occurred, but LEDVANCE's profitability after deducting restructuring related expenses was good. Mulinsen also responded to the Shenzhen Stock Exchange on the profitability of LEDVANCE, the ability to operate independently, the implementation of relevant plans, and the approval of government agencies. Mulinsen said that the company's core strengths are strong manufacturing capabilities and superior cost control. The main advantages of LEDVANCE are in supply chain management, quality control, brand and channel resources. After the completion of the transaction, Mulinsen and LEDVANCE will complement each other in the production of LED lighting products. Prior to this transaction, LEDVANCE has not yet purchased LED packaging products and accessories from Mulinsen. After the completion of this transaction, some of the LED packaging products and accessories required for LEDVANCE lighting products can be directly or indirectly supplied by Mulinsen, thereby increasing the sales of Mulinsen LED packaging products and accessories and driving the growth of listed companies' profits.

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