The plan shows that before the transaction, the controlling shareholder and actual controller of the company were Mr. Lin Yufeng. As of October 15, 2014, Mr. Lin Weifeng held 92,606,727 shares of the company, accounting for 45.68% of the total share capital. In addition, Mr. Lin Yufeng also holds 71% of the shares of Shenzhen Qinrui Investment Co., Ltd., Qinrui Investment holds 10,402,766 shares, accounting for 5.13% of the total share capital, Lin Biaofeng indirectly holds the company 7,385,964 Shares, accounting for 3.64% of the total share capital. In summary, Lin Yifeng holds a total of 99,992,691 shares, accounting for 49.32% of the total share capital. After the completion of the transaction, the controlling shareholder and actual controller of the company remained Mr. Lin Yifeng, and the transaction did not lead to changes in the company's control.
The company pointed out that this non-public offering can optimize the capital structure, reduce financial expenses, and enhance the ability to resist risks. At the same time, this financing further enhanced the company's working capital scale and sustainable financing capabilities, and provided financial support for the company to successfully achieve strategic layout. It is an important measure for the company to comprehensively enhance its competitiveness and achieve sustainable development. Through this non-public offering, the company's capital strength and market influence will be further enhanced, and its profitability and risk resistance will be enhanced.
The analysis pointed out that this non-public offering will help the company continue to add to the LED industry. Chau Ming Technology is at the terminal of the LED industry and belongs to the application field. It is mainly engaged in LED high-definition energy-saving display and LED lighting products. Since 2012, the company has developed the UTV series of small pitch products, and has been the first in the industry to develop and launch 0.8mm micro-pitch LED display. Up to now, the company has successfully developed the sixth generation of street lamps in the field of road lighting, the company's street lamps Since the fourth generation, it has supported intelligent dimming systems and is highly competitive and cost-effective in the market.
From the perspective of the market environment, the LED lighting market is fully open, and the next three to five years will be the gold development period of the industry. The incandescent lamp ban in major countries and regions in the world entered the batch effective phase in 2014, which directly promoted the full opening of the LED lighting market. At the same time, due to the government's policy of eliminating the incandescent lamp, the EU, the United States and China have the three largest markets. The growth rate has accelerated, and the global LED lighting penetration rate has been rapidly improved. In China, the National Development and Reform Commission, the Ministry of Science and Technology and other six ministries and commissions jointly issued the "Semiconductor Lighting Energy Conservation Plan" clearly, to promote the average growth of China's LED lighting energy-saving industry output value of about 30%, in 2015 reached 450 billion yuan.
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