De Run Electronics plans to purchase up to 160 million Feile Auto Lighting Co., Ltd.

Derun Electronics announced on the evening of August 26 that the company signed the “Equity Transfer Framework Agreement” with Chen Zailiang and Xiao Xiaohong on the same day, and plans to purchase the company at a price not exceeding 2 times the audited net assets and not exceeding a total amount of RMB 160 million. Tianjin Feile Automobile Lighting Co., Ltd. 100% equity.

According to statistics, Tianjin Feile Automobile Lighting Co., Ltd. was established in April 2007 with a registered capital of 30 million yuan. The main business includes manufacturing, sales, and technology development of automotive lighting system equipment and automotive electrical appliances. According to reports, after many years of operation in the automotive lighting system, it has formed a certain scale, has a good foundation, product technology, process, quality can reach the domestic advanced level, has the ability to develop synchronously with the first-class auto plant, and develops We have established well-known automobile brand customers such as FAW Xiali, FAW Jiefang, FAW Car, Guangzhou Automobile Honda, Dongfeng Honda, etc. We have good layout and broad market prospects.

After the above agreement is signed, both parties shall entrust relevant intermediaries, including but not limited to financial consultants, auditors, and appraisers, to complete the necessary due diligence, audit, and evaluation of the target company in accordance with the provisions of the law. The parties agree that they shall be based on such work. Negotiate the final amount of the transfer price.

Derun Electronics stated that with the development of automotive lighting systems in the direction of automation, intelligence, environmental protection and energy conservation, especially the extensive use of LED lamps, the relevance and synergies with the company’s main products have been continuously enhanced, and It can complement and share customers and markets, accelerate the introduction of existing products, enrich product categories, enhance the company's one-stop supply capability, provide customers with more comprehensive services, and enhance the company's market competitiveness.

In addition, this investment is in line with the company's overall development strategy. Through cooperation, the company can quickly expand the company's products and customers, cultivate new profit growth points for the company, enhance the company's performance, and promote the company's automotive-related business strategy. development of.

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