Neo-Neon Holdings Limited 真明麗控股有限公司

More documents

Recommendations

Info

The Company’s subsidiary company “Heshan Lide Electronic Enterprise Limited” (Lide Electronics), which has purchased 300 acres of land in Heshan and has completed 28,000 square meters of production plant. To avoid duplicate investment, reduce its fund pressure, the Jiangmen Industrial Park agrees to handle the following property: (1) to grant land use right for the existing land of 300 acres located in Heshan; (2) to grant property right for approximately 28,000 square meter of production plant; (3) refers to this contract, to give a subsidy of RMB100 per square meters for additional plants which will be constructed within 18 months. The power supply system Jiangmen Industrial Park undertake to provide dual route 3,000KVA on or before July 2010; and will increase to 8,000KVA on or before September 2011; and will further increase to 15,000KVA on or before 2013. Enterprise income tax Subject to the policy provision, Jiangmen Industrial Park undertake to exempt enterprise income tax of the company “for two years free of charge and three years half”, in addition to enjoy 15% Enterprise Income Tax rate as a High-New Technology Enterprise and favorable tax treatment according to investment scale, technical content and industrial category. TERMS USED IN THIS ANNOUNCEMENT In this announcement, the following expressions have the following meanings, unless the context otherwise requires: “Agreement” “Billion Choice” “Board” “Capital Commitment Amount” “Company” The investment agreement in writing dated 12 June 2010 entered into with the Management Committee of Jiangmen Industrial Park Billion Choice Trading Company, a company incorporate with British Virgin Islands, an investment holding company to invest in the manufacturing plant in Yangzhou and Jiangmen and is a direct wholly-owned subsidiary of the Company The board of Directors The commitment of Billion Choice to contribute to the registered capital of the manufacturing plant in Jiangmen Industrial Park in the total sum of RMB400,000,000 (equivalent to approximately HK$453,800,000) Neo-Neon Holdings Limited, a company incorporated in the Cayman Islands whose registered office is at Cricket Square, Hutchins Drive, P.O. Box 2681, Grand Cayman KY1-1111, Cayman Islands, and whose principal place of business in Hong Kong is at 13/F, Tower A, New Mandarin Plaza, 14 Science Museum Road, Kowloon, Hong Kong and the shares of which are listed and traded on the Stock Exchange 6
“Consideration” “Director(s)” “Group” “HK$” “Hong Kong” “Illumination” “Independent Third Part(ies)” “LED” “LED Packaging” “Listing Rules” “MOCVD” RMB400,000,000 (equivalent to approximately HK$453,800,000), being the consideration for the Investment The director(s) of the Company The Company and its Subsidiaries Hong Kong dollars, the lawful currency of Hong Kong The Hong Kong Special Administrative Region of the PRC The act of supplying with light (an) independent third part(ies) not connected with the Directors, chief executive or substantial shareholders of the Company or any of its subsidiaries or their respective associates as defined in the Listing Rules Light Emitting Diode LED packaging uses normal transparent epoxy resin. LED Packaging Technology channels heat away via state-of-the-art Micro Heat Pipes (MHP’s) that perform far more efficiently, The properties of silicone materials make them ideal for new, demanding applications such as protective encapsulates and lenses for high-brightness on the efficiency of LED lighting The Rules Governing the Listing of Securities on the Stock Exchange Metal Organic Chemical Vapor Deposition. MOCVD represents a technique for depositing thin layers of atoms onto a semiconductor wafer. Using MOCVD can build up many layers, each of a precisely controlled thickness, to create a material which has specific optical and electrical properties. Using this technique it’s possible to build a range of semiconductor photodetectors and lasers, the devices that lie at the heart of the information revolution. The principle of MOCVD: Atoms in crystal are combined with complex organic gas molecules and passed over a hot semiconductor wafer. The heat breaks up the molecules and deposits the desired atoms on the surface, layer by layer. By varying the composition of the gas, the properties of the crystal can be changed at an almost atomic scale. It can grow high quality semiconductor layers (as thin as a millionth of a millimeter) and the crystal structure of these layers is perfectly aligned with that of the substrate. 7
Page 1 and 2: Hong Kong Exchanges and Clearing Li
Page 3 and 4: The project will consist the purcha
Page 5: Preferential policies The subsidy o

Neo-Neon Holdings Limited 真明麗控股有限公司

Create successful ePaper yourself

Delete template?

Save as template?