On the evening of September 19, chenfeng technology issued a notice that, in order to further expand the company's industrial layout, the company to cash 36.72 million yuan to buy 51% of haining mingyi electronic technology co., LTD., with cash 75.375 million yuan to buy 67% of jingdezhen hongyi electronic technology co., LTD.

Announcement shows, on September 19, Chen feng technology and Ming yi electronic and hong yi electronic equity transfer party signed an equity transfer agreement.

Among them, Chen changhai, the shareholder of mingyi electronics, transferred his 30.6% equity of mingyi electronics at a price of 2.032 million yuan.

Shareholder wu weiguo transfers his 20.4% equity of mingyi electronics with the transaction price of 14.688 million yuan.

Hongyi electronic shareholder peng jintian transferred his 65% stake in hongyi electronic at the price of 73.125 million yuan.

Wang dechun sold his 2% stake in hongyi electronics for 2.25 million yuan.

According to the agreement between the two parties, chenfeng technology will pay 51% of the transaction consideration to the parties to the equity transfer within 10 days after the completion of the asset delivery as the first transfer payment;

And within the first three years of the performance commitment period, the remaining transaction consideration shall be paid according to the performance of the current year.

It is understood that mingyi electronics was founded in November 2016, mainly engaged in the research and development of lighting appliances, as well as the manufacturing and processing of lighting appliances and accessories, electronic products, electronic components and molds;

In the first half of 2018, minyi electronics achieved revenue of 43.2045 million yuan and net profit of 5.2029 million yuan.

Hongyi electronics is mainly engaged in the manufacture and sales of special electronic materials (coppers), molds, electronic components, printed circuit boards, lighting fixtures, household appliances, etc.

In the first half of this year, hongyi electronics achieved a revenue of 48.719,800 yuan and a net profit of 3.198 million yuan.

According to the commitment of the performance commitment party, in 2018, 2019 and 2020, the net profit attributable to shareholders of the parent company after deducting non-recurring gains and losses of minyi electronics is RMB 8 million, RMB 12 million and RMB 16 million respectively.

After deducting non-recurring gains and losses, hongyi electronic's net profits attributable to shareholders of the parent company are 7 million yuan, 13 million yuan and 25 million yuan respectively.

Chenfeng technology said that the acquisition of mingyi electronics and hongyi electronics shares is conducive to further expanding the company's industrial layout and forming good synergies with the company's existing industrial development by integrating the company's product and resource advantages with all parties in the industrial chain.