Neo-Neon Holdings Limited 真明麗控股有限公司

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The Company has expanded into LED chip manufacturing to strengthen its vertical integration of LED industrial chain. By incorporating “Chips R&D – Extending slice production – Chips production – Chips package – Product application”, Neo-Neon Holdings Limited is the only company which has successfully completed vertically integration from the upper stream, middle stream to the lower stream of enterprise supply chain in the LED industry of the world. INFORMATION ON THE JIANGMEN INDUSTRIAL PARK Profile of Jiangmen Jiangmen located in the west of the Pearl River Delta, adjoining Zhongshan and Zhuhai in the east, Yangjiang in the west, and Yunfu and Foshan in the north. Facing the South China Sea and being adjacent to Hong Kong and Macao, it is a hub of communications connecting the west of Guangdong and the southwest of China, especially Guangzhou, Hong Kong and Macao. It is also an important gateway for water transportation in the West River valley. It has a total land area of 9,541 km 2 (23% of the total area of the Pearl River Delta) and a population of 4.1 million. Jiangmen is a city being well-known as the representative of fluorescent lamps, LED lighting industry and semiconductor industry. Management Committee of Jiangmen Industrial Park The Management Committee has been approved by the municipal committee and municipal government of Jiangmen, China to carry out management treatment, economic management and supervision guide to investment in Jiangmen Industrial Park in terms of imports and exports, the investment size, technology content, industrial categories, foreign economic and technological cooperation. Jiangmen Industrial Park is a provincial-level high-tech zone founded in February 1993. With an area of 47.1 km 2 , the zone is divided to three parts includes a new and high-tech industrial park, a port-surrounding industrial area, and a business service area. In the vicinity of the zone are the three ports of Waihai, Gaosha, and Xinhui, which have access to Hong Kong, Macao, and international ports. Jiangmen Industrial Park decides to develop the upper stream, middle stream and lower stream in the LED industry, to expand the development and the core equipment manufacture project of LED wafer and chip, the luminescent material and the back light, the automobile electron and the solar energy. The establishment contains the technological innovation, the product examination, the industrial consultation, the demonstration transaction and each kind of necessary public service platform. In October 2008, Guangdong Province’s Information Industry Department signed an agreement with Jiangmen Municipal Government on speeding up the development of Jiangmen’s information industry and awarded the title of “Guangdong’s Green (Semiconductor) Illumination Products Base” to Jiangmen. 4
Preferential policies The subsidy of MOCVD equipment In view of the fact that Billion Choice is the first enterprise joint into the promotion of the LED lighting project from the Management Committee of Jiangmen Industrial Park and the big investment scale of the project as well as the investment intensity and high technology content, the Management Committee of Jiangmen Industrial Park agreed to grant further preferential benefit to Billion Choice as following: (1) Under the national LED industrial policy, the arrival of Billion Choice’s 30 sets MOCVD equipments to be completed by 2013 under third phase still can enjoy the subsidy of approximately RMB10 million for each MOCVD purchased. (2) Moreover, the arrival of total 60 sets MOCVD equipments within or before 2013, the Management Committee of Jiangmen Industrial Park will give additional 2% preferential fund of the actual costs of investment to Billion Choice to the extent of not excess RMB24 million in total. The MOCVD equipment subsidy payment method The first phase 10 sets of MOCVD equipments will begin to install and start production since November 2010 and the second phase 20 sets of MOCVD equipments (including existing 5 sets in Heshan) will be expected in place for operations by 20 October 2011. In addition, the third phase of 30 sets of MOCVD equipments will begin to install and start production in 2012. As total 60 sets of MOCVD equipments will all in place for production, Billion Choice will receive approximately a subsidy of RMB10 million for each MOCVD equipment purchased or a total of RMB600 million for 60 MOCVD equipments purchased during the 4 years period from 2010 to 2013, of which 40% will be granted upon the Company’s delivery of the purchase contract and other materials such as down payment and letter of credit facilities in relation to each newly purchased MOCVD, 30% will be granted when the MOCVD is delivered and the remaining 30% will be granted upon commencement of operation of the MOCVD after the completion of the installation. Procurement concessions Public lighting of Jiangmen municipal administration and the park’s construction and transformation will at first priority to purchase Silver Rain Opto’s LED products under the same agreement, mainly includes the LED street light, the interior lighting and the outdoors LED illumination products. Land Jiangmen Industrial Park provides industrial land of 100 acres, which has completed “seven-evenlyone” (watering, circular telegram, circuit, accessible by postal communication, communication, passes sewage, passes Internet). The first phase 50 acres with completion of preemptive work is expected to reassign the land ownership to “Silver Rain Opto” within three months after signing the agreement. The purchase price is RMB224,000 per acre. Moreover, to provide for a good working environment, The Management Committee of Jiangmen Industrial Park grants additional land of 20 acres to Billion Choice through bidding procedure for commercial and employee residential purpose. 5
Page 1 and 2: Hong Kong Exchanges and Clearing Li
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Neo-Neon Holdings Limited 真明麗控股有限公司

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