Xinhaiyi announced on June 26 that the company intends to raise the registered capital of Suzhou Xinnajing Optoelectronics Co., Ltd. with a total of RMB 173 million from the rights issue. After the capital increase, the company will hold 92.14% equity of Xin Najing; Runjia Technology subscribed for the registered capital of Xin Najing with a cash of RMB 7.986 million; other shareholders, Nafang Technology, China New Venture Capital and Venture Capital Fund, agreed to abandon this capital increase right.

Xin Najing is a holding company of the company. It is mainly engaged in the research and development of LED technology, the production and sales of LED epitaxial wafers and chips. In 2013, Xin Najing realized a business income of 32,926,600 yuan and a net profit of 869,900 yuan. .

Xinhaiyi said that the capital increase is mainly based on the actual operational needs of the relevant fundraising projects after the completion of the company's share placement, which is conducive to improving the efficiency of the use of raised funds. The use of raised funds is in line with the company's main business development direction, which is conducive to enhancing the company's profitability. In line with the company's development strategy and long-term planning.

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