The Changfang Group announced on March 21 that the company's controlling shareholder, real controllers Deng Zichang, Deng Ziquan, Deng Zihua, and Deng Zixian decided to introduce partners that are in line with the company's development strategy, and proposed to sell no more than 30% of the shares to new strategic partners. Now, the new strategic partner has finally settled.
On March 27th, the controlling shareholder and actual controller of the Changfang Group, Deng Zichang, Deng Ziquan, Deng Zihua, Deng Zixian and Nanchang Guanggu Group Co., Ltd. and Nanchang Xinwang Capital Enterprise (Limited Partnership) signed the "Share Transfer Agreement" respectively. Transfer of 78,478,085 shares of the company's unrestricted shares in circulation to Nanchang Optics Valley and transfer of 59,258,158 unrestricted shares to Xinwang Capital through the transfer of the agreement, and transfer the unrestricted shares outstanding 137, 736, 243 Shares, accounting for 17.43% of the company's total share capital.
At the same time, the Tang brothers agreed to irrevocably delegate the voting rights of 99,217,377 shares (12.56% of the company's total share capital) to Nanchang Optical Valley. Xinwang Capital agreed to 59,258,158 (accounting for 7.50% of the company's total share capital) The voting rights and nomination and proposal rights corresponding to the shares are irrevocably and entrusted to Nanchang Optics Valley.
After the completion of the transfer of the agreement, the Tang brothers held 190,854,965 shares of the company, accounting for 24.16% of the company's total share capital. After the completion of the transfer, the company's controlling shareholder will be changed from Deng's brother to Nanchang Optics Valley, and the actual controller will be changed to Wang Min.
Company actual controller relationship diagram after agreement transfer
Nanchang Guanggu Group Co., Ltd. controlled by Wang Min is a group company formed by the merger of LED middle and lower reaches invested by Jinshajiang Venture Capital, Hongcheng Capital and Wenxin Investment. The Group owns China Energy Saving Crystal and Lighting Co., Ltd., Jiangxi Luye Automobile Lighting Co., Ltd., Jiangxi Jinghe Photoelectric Co., Ltd., Nanchang Guanggu Industrial Park Co., Ltd., Nanchang Guanggu Optoelectronic Industry Research Institute Co., Ltd., Jiangxi Automaker Electronic Collaborative Innovation Co., Ltd. and many other companies. The Group's original technology of silicon substrate LED, which won the first prize of the National Technology Invention Award, was carried out in the middle and lower reaches of the industry, and together with Jingneng Optoelectronics promoted the development of the silicon substrate LED industry.
Gaogong LED noted that Wang Min is also the CEO of Jingneng Optoelectronics (Jiangxi) Co., Ltd. Jingneng Optoelectronics Co., Ltd. is the only company in the world to realize the industrialization of silicon substrate LED technology. The silicon substrate LED technology possesses original technology property rights. So far, it has applied for or obtained more than 230 international and domestic patents, breaking the current Japanese day. The sub-company monopolizes the sapphire substrate and the US Cree company monopolizes the semiconductor lighting technology of silicon carbide substrate, forming a three-pronged situation of sapphire, silicon carbide, and silicon substrate semiconductor lighting technology solutions.
Combining the technical background and industrial layout of Nanchang Optical Valley Group, one of the intentions of obtaining the actual control of the Changfang Group may be to make full use of the upstream, middle and lower reaches by means of the position of the Group in the field of LED packaging and Kangmingsheng's downstream application. Synergistic effects accelerate the industrialization of silicon substrate LEDs.
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