The Actual Controller Of Huacan Optoelectronics Or Yizhu HUAFA Holding Co., Ltd. Enters The Bureau To Launch Mini LED

Huacan optoelectronics, which has experienced the transfer of controlling shares, may welcome new shareholders again.

Zhuhai state-owned HUAFA holdings intends to take 24.87% of the equity of Huacan optoelectronics by means of agreement transfer. After successful transfer, it will become the largest shareholder of Huacan optoelectronics.

On January 25, 21st century economic reporter learned from Huacan optoelectronics that Jing Tian capital I, Limited (hereinafter referred to as "Jing Tian I") and Jing Tian capital II, Limited (hereinafter referred to as "Jing Tian II") and Kai Le capital held more than 5% shares of Huacan optoelectronics Co., Ltd. (hereinafter referred to as "Huacan optoelectronics", 300323) Limited (hereinafter referred to as "Kai le") signed the share transfer agreement on Huacan optoelectronics Co., Ltd. with Zhuhai HUAFA Real Estate Investment Holding Co., Ltd. (hereinafter referred to as "HUAFA Holdings") on January 22, 2021. Jing Tian I, Jing Tian II and Kai Le transferred 159.09 million shares of listed companies held by them (including 113.4 million shares held by Jing Tian I, 9.26 million shares held by Jing Tian II and 36.42 million shares held by Kai LE) to HUAFA holdings. The consideration of this share transfer is 11.63 yuan / share, and the total consideration is 1850190000 yuan.

Shanghai Canrong Venture Capital Co., Ltd. (renamed as "Shanghai Canrong Industrial Co., Ltd.", hereinafter referred to as "Shanghai Canrong Industrial Co., Ltd") signed the share transfer agreement on Huacan optoelectronics Co., Ltd. with HUAFA holdings, a non affiliated domestic legal person, on January 22, 2021. Shanghai Canrong transferred 20 million shares of its listed company to HUAFA holdings. The consideration of this share transfer is 11.63 yuan / share, and the total consideration is 232.6 million yuan.

If all the equity changes are completed, HUAFA holdings will hold 308.41 million shares of the company with voting rights through direct shareholding, accounting for 24.87% of the company's equity, becoming the largest shareholder of the company.

It is worth noting that before the signing of the equity transfer agreement, HUAFA holdings was the single second largest shareholder holding 10.43% shares of Huacan optoelectronics. HUAFA holdings is backed by Zhuhai HUAFA group. According to public information, Zhuhai HUAFA Group Co., Ltd. was established in 1980, the same age as Zhuhai Special Economic Zone. It is the largest comprehensive state-owned enterprise group in Zhuhai. It has been ranked among the "top 500 Chinese enterprises" for five consecutive years since 2016 and ranked 259 in 2020.

HUAFA investment focuses on high-end manufacturing, medical and health, Internet and emerging technology, new energy, new materials and other emerging industries. Up to now, it has invested in 305 leading enterprises and high growth innovative enterprises, such as Huada intelligent manufacturing, aixu technology, youbixuan, Guanyu battery, Anheng information, etc. Among them, in the field of high-end manufacturing, the projects invested include aixu technology, youbiselect, Guanyu battery, Yunzhou intelligent, saihe intelligent, Kuwa robot, Narida, insta360 and other leading enterprises in the industry. Especially in the field of integrated circuits, it has invested in more than 10 enterprises, such as Jichuang north, Xindong technology and BYD semiconductor.

HUAFA group's participation in Huacan optoelectronic project investment is based on the technical strength and comprehensive competitiveness of Huacan Optoelectronics in the LED chip field, especially in mini LED chip, and the broad development prospect in the third generation compound semiconductor field. On the other hand, it is also based on the needs of expanding the group's industrial layout in the chip semiconductor field. HUAFA's investment in Huacan optoelectronic project can expand Zhuhai's industrial layout in LED chip and compound semiconductor materials industries.

"By entering the LED chip field, we will drive the development of high-efficiency lighting and high-end display industry; by entering the compound semiconductor basic material IDM field, we will complement the existing Zhuhai semiconductor design industrial chain, further expand the scale of Zhuhai's integrated circuit industry, and help Zhuhai build a 100 billion level integrated circuit Industrial cluster." HUAFA group said.

According to a person related to Huacan optoelectronics, at present, Huacan optoelectronics is seizing the 4 trillion market opportunity of high-definition video industry, and its income structure is transforming from lighting products, showing that the trend of its products has begun to take shape LED chip products are the first batch to enter the market, and the market share of high-end display and backlight is conservatively estimated to be more than 30%. It is one of the three enterprises in the world with the production capacity of mini chips, and actively cooperates with international manufacturers such as BOE in the field of more advanced micro led.

In addition to the LED chip field, the company has invested 300 million yuan in the third generation compound semiconductor field through fixed increase fund raising, and has extended to power electronics, radio frequency, filter and other industries. It has more than 20 billion new market imagination space, and has broad prospects for future development.