Beneficial plans to hold Huida Optoelectronics to accelerate LED layout

Shiyida (002137) announced on the evening of June 3 that the company intends to acquire a 20% stake in Shenzhen Huida Optoelectronics Technology Co., Ltd. with its own funds of 7.2 million yuan. After the completion of the equity transfer, the company subscribed the newly added registered capital of 3.4 million yuan to Huida Optoelectronics with its own funds of 15.3 million yuan. After the capital increase, the registered capital of Huida Optoelectronics increased from 8 million yuan to 11.4 million yuan. The company announced that after the acquisition and capital increase, the company will hold a 43.86% stake in Huida Optoelectronics. Huida Optoelectronics, as a holding company of the company, is included in the scope of the consolidated statements. The company also said that the acquisition will be accelerated after the completion of the acquisition.

The company's layout in the domestic LED industry, the company's LED products deepening and diversification, in line with the company's strategic development requirements, will have a positive impact on the company's future business development.

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