The company, along with all members of the board of directors, guarantees that the information provided in this announcement is accurate, complete, and free from misleading statements or omissions. The company takes full responsibility for any inaccuracies or omissions in the content.
I. Overview of the Cooperation
Foshan Guoxing Optoelectronics Co., Ltd. ("the Company") has recently entered into a "Project Investment Letter of Intent" with the Management Committee of Zhejiang Haiyan Economic Development Zone ("Haiyan Development Zone Management Committee"). Following constructive discussions, both parties have agreed to establish a strategic partnership based on mutual benefit and long-term development. As part of this collaboration, the Company plans to invest in the construction of an East China production base within the Haiyan Economic Development Zone in Zhejiang Province.
II. Introduction of the Partner
The Management Committee of Zhejiang Haiyan Economic Development Zone serves as the executive body of the Haiyan County Government. It oversees the unified planning, management, and leadership of the Haiyan Economic Development Zone. Established in July 1992, the zone is strategically located in the northern part of the Hangzhou Bay Bridge, adjacent to Jiaxing Port, a national first-class open port. With a total planned area of 34.7 square kilometers, the zone focuses on improving foreign investment quality, developing modern manufacturing, optimizing export structures, and promoting high-tech industries. It also aims to cultivate the LED industry and transform into a multi-functional industrial hub.
This cooperation does not constitute a related-party transaction nor does it qualify as a major asset restructuring under the regulations governing listed companies. The signing of the "Project Investment Letter of Intent" is a conditional step and must be reviewed by the Board of Directors of the Company. It will be submitted for approval at the fourth meeting of the tenth board of directors, along with the necessary state-owned asset management procedures.
III. Key Terms of the "Project Investment Letter of Intent"
Party A: Management Committee of Zhejiang Haiyan Economic Development Zone Party B: Foshan Guoxing Optoelectronics Co., Ltd.
1. Project Name: Guoxing Optoelectronics, Chip and Packaging Application East China Base Project (provisional name, subject to official approval). 2. Upon agreement, Party B intends to invest in the construction of an East China Base for chip and packaging applications in Party A’s region. The total projected investment is RMB 1 billion. Party B agrees to register a legally independent company in Party A’s area, and Party A commits to providing relevant policy support for the new entity. 3. The project is planned in three phases, with an additional land area of approximately 124 mu (determined by the red line map from the housing and construction department). The land use type is state-owned industrial land for sale, designated for the electronics manufacturing sector. The construction period is expected to last five years.
IV. Impact on the Listed Company
The domestic LED market is currently undergoing continuous demand upgrades and supply chain optimization, with the industry scale expanding steadily. Companies across the value chain are actively positioning themselves for growth. In this context, the Company continues to maintain a balanced approach between development and risk control. Based on its long-term strategy, the Company has decided to sign the "Project Investment Letter of Intent" with the Haiyan Development Zone Management Committee. This move aims to optimize the company's regional layout, expand its business scale, and enhance its overall competitiveness by integrating existing resources and strengthening its operational structure.
V. Risk Factors
Although the signing of the "Project Investment Letter of Intent" represents a significant step forward, it still requires formal review by the Company’s Board of Directors and the completion of the relevant state-owned asset approval process. Additionally, the project will be implemented over a five-year period, requiring the Company to gradually raise capital for investment. There may be uncertainties in the execution of the terms outlined in the letter of intent. Investors are advised to carefully consider these risks before making any investment decisions.
VI. Reference Documents
1. The "Project Investment Letter of Intent" signed between the Company and the Management Committee of Zhejiang Haiyan Economic Development Zone.
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