Deep Textile subsidiary polarized film products won the Huaxing Photovoltaic 400 million yuan big single

Shenzhen Textile announced on January 22 that according to the resolution passed by the board of directors on January 21, Shengbo Optoelectronics, a wholly-owned subsidiary of the company, sold polarizing film products to Huaxing Optoelectronics. It is estimated that the total amount of products sold in 2013 will not exceed 400 million yuan. As the chairman of the company's controlling shareholder Shenzhen Investment Holdings Co., Ltd. Fan Mingchun is the vice chairman of Huaxing Optoelectronics, the transaction is a connected transaction.

It is reported that Huaxing Optoelectronics is one of the important manufacturers downstream of TFT-LCD, and is the leading enterprise of the national "new display industry innovation and development project". Since 2012, it has promoted the localization of flat panel display materials.

In order to achieve better and better domestic industrial chain support and promote mutual development, Huaxing Optoelectronics and Shengbo Optoelectronics signed a memorandum of cooperation on October 29, 2012 on polarizer products and related services. Cooperation methods include but are not limited to polarizer product procurement, service procurement, technical support, technical exchange, and joint development of new products. At the same time, Huaxing Optoelectronics promises that under the same products and conditions, Huaxing Optoelectronics is willing to purchase Shengbo products first. According to the announcement of related party transactions, the company's TFT-LCD polarizer Phase I project No. 4 has been fully mass-produced, which can guarantee the bulk supply to Huaxing Optoelectronics.

According to Shenzhen Textile, Shengbo Optoelectronics sells its products to Huaxing Optoelectronics. Its products are priced fair and the collection conditions are reasonable, which does not harm the interests of listed companies. Shengbo Optoelectronics supplies products to Huaxing Optoelectronics, which will not affect the independence of the company. The company's polarizer business will not lead to dependence on Huaxing Optoelectronics.

Industry professionals pointed out that this related transaction is of great significance to Shenzhen Textile. This transaction can directly affect the Shenzhen Textile's 2013 results.

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