Lianjian Optoelectronics Major Assets Restructuring Suspension

On November 19th, Lianjian Optoelectronics (300269) issued a notice stating that the company is planning for major events, and there are still uncertainties in related matters. According to the relevant provisions of the “Shenzhen Stock Exchange GEM Listing Rules”, the company traded with Shenzhen Securities. As of the application, the company's stock has been suspended since the market opened on June 30, 2015.

Since the suspension of the company's stock, the company and all parties concerned have actively promoted the work of this restructuring. After detailed communication and cooperation programs with a number of target companies, and based on preliminary due diligence work, the company finally included four target companies in this restructuring.

One of the target companies is mainly for companies that provide solutions and effect services for search engine advertising; the second target company is a media operator based on outdoor media resources; the third of the target companies is to provide one-stop outdoor advertising to customers. A company that delivers solutions and launches advertising agency publishing services; the fourth company is a company that engages in creative planning and executive management of event communications.

Lianjian Optoelectronics said that it will speed up the work pace with various intermediaries and complete the preparatory work related to major asset restructuring as soon as possible. In the near future, a board meeting will be held to review the relevant proposals for major asset restructuring, and this major asset restructuring will be completed after the board of directors deliberated and approved. The report disclosed the work. During the suspension period, the progress of major asset restructuring matters will be announced every five trading days.

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