Jiangsu Broad-Minded: To Invest About 350 Million Yuan Xin Sheng Photoelectric 100% Stake

[announcement brief]

March 31, 2015 announcement, the company's wholly-owned subsidiary of Jiangsu broad-land Power Investment Co., Ltd. (hereinafter referred to as "broad-minded power") use self financing 355 million 724 thousand yuan to buy Hareon Polytron Technologies Inc and other shareholders holding Target Corp branch left Zhongqi Xinsheng photoelectric Limited company (hereinafter referred to as "Xin Sheng Photoelectric") 100% stake.

[bulletin review]

Ke Zuo Zhongqi Xinsheng photoelectric Co., Ltd. is mainly engaged in the development, investment, construction and management of solar power plants; solar power technology consulting service; solar power development and engineering supporting services; renewable energy and clean energy development mechanism project development and operation.

As of February 28, 2015, the company had 854 million 272 thousand and 600 yuan in total assets, 249 million 995 thousand and 600 yuan in owner's equity, 0 yuan in operating income and a net profit of -0.23 million yuan. The acquisition is one of the strategic priorities of the company's rapid expansion of the power sector, which will further enhance the position of the company in the photovoltaic industry, enhance the market competitiveness of the company, and lay the foundation for the company to complete its strategic objectives.

[institutional rating in recent months]

Buying (Changjiang Securities, Qilu Securities, Everbright Securities)

Holdings (state Sea Securities)

[technology highlights]

The stock's recent high slumping, nearly two days of stock prices continued to close, showing that the market has a long-term short-term willingness, can be moderately concerned.