Technology Audit Committee

Following the success of Shing Road, communications over the meeting, Foshan plate augmented “new.” April 2, Foshan, Guangdong, China Star Electrical Co., Ltd. successfully reviewed by the SFC, thus, Foshan City Adds a publicly traded company. It is reported that this year, more than 10 companies Foshan will submit application materials to the Commission in succession, more than 20 companies listed on restructuring of work in progress and will be 5-8 years for promoting the companies listed.

Governor to survey

Country star power is now the mainland of China, one of the top three LED packaging, LED Foshan leading enterprises. The company became IBM in 2010 qualified supplier, and China won the bid in January this year centralized procurement of energy-efficient lighting products LED spotlight. Country star power in the LED lighting of the winning share of 31.11%.

Star power in the country will be successful over the day after to go to Foshan, Guangdong Governor Huang Huahua research, including country stars, including four power LED manufacturers, he said, from the current international financial crisis after facing the new situation in terms , is a breakthrough and an important starting point for accelerating the development and the development of strategic new industries, LED industry is emerging industries.

And fund-raising project for the 4

According to the prospectus describes the country star power that this proposed public offering of A shares is not more than 55 million shares, the total funds to be raised 504 million yuan. Funds raised will be used for new surface mount LED technological transformation projects, power type LED and LED light source module technological transformation projects, LED backlight technological transformation projects, semiconductor lighting technology and industrialization of the four key projects.

Further reading

Reform Road 8 years

Formerly state-owned enterprises as a company, country star power from the conversion to market approval, spent eight years.

Executives funded more than 4,000 million

Country star power was formerly established in 1969 in Foshan City, Semiconductor Material Plant, where the whole people belonging to state-owned enterprises in 1990, renamed as “optical equipment company, Foshan City, (Optical Company),” the economy remains the nature of the whole people.

In 2000, Wang Yao-hao entered the optical company, two years after the company officially changed its name to Foshan City, China Star Electrical Technology Co., Ltd.. -2,007 Years from 2000, Wang Yao-hao and other executives through “restructuring – capital increase (diluted state shareholders) – all out of state shareholders – to increase their investment (the introduction of venture capital) – a comprehensive clean-up trade unions holding” and five steps, to adjust Ownership changes, making it a completely state-owned enterprises transformed into joint-stock enterprises. This process, called the “classic model for the privatization of state-owned enterprises.”

By 2007, the country star power to become a legal entity by the three shareholders and Wang Yao-hao and other natural person shareholders holding 45, the registered capital of 160 million shares in the company. Three corporate shareholders were Sigma Venture Capital Co., Ltd., Foshan, Guangzhou integrity Venture Capital Co., Ltd., Rui Investment Co., Ltd. Foshan City, China. The Sigma Star power by the State itself, a natural person shareholders in the 45 to 44 members, Wang Yao-hao also star power of any state and chairman of Sigma companies.

Country star power prospectus shows that total assets of 680 million yuan. Reporter is found, 8 years, the country star power president and general manager Wang Yao-hao, deputy general manager of Jardine Matheson Vice President Bin-Hai Yu Ju Choi 3, in fact, only 45.61 million yuan investment, the realization of this company control.

Discount sale of two state-owned assets

October 18, 2002, is through the Group, the Trade Union Committee and the photoelectric Yao Wang Hao and other 9 individuals signed a “contribution agreement” an agreement to invest 15 million yuan to establish Foshan City, China Star Electrical Technology Co., Ltd.. At that time the sale of state assets under the preferential policies, Wang Yao-hao, Yi-Ju Tsai, Bin-Hai Yu to 6.4 fold in price, a total of 1.152 million yuan investment, the country received 12% stake in Star power.

In 2003, country star power to the registered capital of 15 million yuan from the capital increase to 20 million yuan, Wang Yao-hao and other three persons jointly invested one million yuan, making 3 of shares in the company to expand to 14%.

In 2004, out of state-owned shares to complete the process of star power, is through the company holds 22% stake, bought by other shareholders, which, again discount to the valuation of state-owned shares, Wang Yao-hao and other three people in the changes in ownership total of 2.79 million investment, shares rose 21%.

Country star set up a venture capital company holding power

In 2005, country star power to increase the registered capital to 30 million yuan, Wang Yao-hao and other 3 people in proportion to 1.26 million investment, this time shares unchanged.

In 2006, country star power once again raise capital, registered capital increased to 40 million yuan, Wang Yao-hao, etc. 3 7.29 million investment, shares increased to 25.88%.

July 2007 -8 months, the country star power to clear the 319 union workers held shares. Wang Yao-hao and other people invested 32.12 million yuan and three other shareholders with 41 individuals, set up the Sigma company, then, Sigma venture capital, credit venture capital, investment and other three countries Rui legal person shares, and Wang Yao-hao, etc. 45 As a sponsor, to 199 million by mid-2007 according to the proportion of net assets into shares, the establishment of the registered capital of 160 million shares in the company — China Star power.

After the withdrawal of state-owned shareholders, Wang Yao-hao personal equity rose to 8.9%; at this time, the king and the other two core controller to achieve 21% of the total shareholding, has been basically controlled the photoelectric technology. Since then, the country star power by another capital increase (the introduction of venture capital) and trade unions to hold both a comprehensive clean-up methods, the final completion of pre-market enterprise reform. Before the IPO in 2010, Wang Yao-hao and other three persons directly holding 25.88 percent and the company indirectly controlled by sigma 18.85%, a total of 44.73 percent, has become a national star power of the actual controller.