Yuanguang Optoelectronics Co., Ltd. purchased land use rights of 15.1 million yuan

Hangzhou Yuanfang Optoelectronic Information Co., Ltd. (hereinafter referred to as “the company”) held the 20th meeting of the first board of directors on April 17, 2013, and reviewed and approved the establishment of a wholly-owned subsidiary in Xiaoshan Economic and Technological Development Zone. And the implementation of the project of color and photoelectric detection equipment R & D and production base project, and was reviewed and approved at the 2012 Annual General Meeting held on June 5, 2013. It is agreed that the company will invest in the establishment of a wholly-owned subsidiary Yuanfang Color Technology Co., Ltd. and implement a color and optoelectronic testing equipment R&D and production base project. The total investment of the project is about 30,000 million yuan, of which RMB 150 million is the company's initial listing of super-raised funds. The rest is self-raised by the company.

On July 4, 2013, the industrial and commercial registration of the wholly-owned subsidiary Yuanfang Color Technology Co., Ltd. (hereinafter referred to as “Remote Spectrum”) was completed, with a registered capital of RMB 60 million.

Recently, the distant spectrum bidding won the right to use 30 mu of state-owned construction land for the first phase of the project, and signed the “State-owned Construction Land Use Right Transfer Contract” with the Xiaoshan Branch of the Hangzhou Municipal Bureau of Land and Resources. The main contents are as follows:

Under this contract, the parcel number is Xiaozhenggong [2013] No. 83, the total area of ​​the parcel is 20,000 square meters, and the parcel area is 20,000 square meters. It is located at Hongluo Farm, east to Qihui 6th Road and west to Dazhi River. , to the open space in the south, to the open space in the north. The land use is industrial land, and the total price of the right to use the transferred land is RMB 155.01 million. The land use right transfer period is 50 years.

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