Dongguan Qinshang Optoelectronics Co., Ltd. announced on the afternoon of May 15 that the company signed a Cooperation Agreement with Chengdu Dingxing Quantum Investment Management Co., Ltd. and Hengqin Minjian Investment Management Co., Ltd. to jointly establish a merger fund to acquire Aidi Education Acquisition. Cooperate with (Cayman) Limited or its controlled educational assets (hereinafter referred to as the “Aidi Project”).

The above-mentioned M&A fund name is Ningbo Meishan Bonded Port Area Rongxiang Equity Investment Center (Limited Partnership) (referred to as “Yongxiang Investment”), and Dingxing Quan is the general partner of the limited partnership; the company acts as a post-investor, and subscribes The capital contribution shall not exceed RMB 800 million; Hengqin will be the priority investor and the capital contribution shall not exceed RMB 2.7 billion; the relevant partner structure shall be subject to the final partnership agreement.

According to the agreement, the three parties have cooperated in the establishment of a merger fund to acquire Aidi Education Acquisition (Cayman) Limited or its controlled educational assets (hereinafter referred to as the “Eddi Project”). The total size of the fund is not more than 3.5 billion yuan, and the term is intended to be no more than 7 years, which is subject to the partnership agreement finally signed by the parties.

Qinshang Optoelectronics said that the company's previous shareholders' meeting reviewed and approved the “Proposal on Signing the Relevant Agreements for Foreign Investment by the Wholly-Owned Subsidiary” and the acquisition of the NIT Education Group held by Aidi Education Acquisition (Cayman) Limited. Part of the relevant matters of the group were approved.

Subsequently, after further negotiation with the counterparty and related parties, the company intends to adopt the acquisition of the M&A fund through the company and the above-mentioned Party B and Party C, and then the fund will make the acquisition.

Diligence expects that the future education industry will usher in a period of rapid development. This transaction will further promote the company's business layout and expansion in the field of private education, improve the company's comprehensive competitiveness, and lay a solid foundation for the company's integration and expansion in the field of education. To help the company continue to develop steadily and rapidly.

At the same time, Qinshang Optoelectronics issued another announcement that recently Qin and other partners of the partnership signed the “Shenzhen Qianhai Shanshui Capital Management Center (Limited Partnership) Withdrawal Agreement”. According to the previous fund agreement of Qinshang Optoelectronics Investment Co., Ltd. Shenzhen Qianhai Shanshui Capital Management Center (Limited Partnership) (to be established), Qinshang has to pay RMB 600,000 (the first payment of RMB 30,000) As a limited partner, the actual first payment was only 20 million yuan.

In addition, Qinshang also announced that the fifth meeting of the fourth board of directors of the company reviewed and approved the “Proposal on the use of the initial raised funds to permanently replenish the working capital”. The company plans to use the initial over-raised funds of RMB 178 million to permanently replenish the flow. funds.

The company intends to use the “Operation Management Center Construction Project” to raise the remaining funds of RMB 19,037,700 (the specific amount is subject to the actual remaining funds of the fundraising account during the implementation), and the remaining raised funds of “LED Outdoor Lighting and Landscape Lighting Project” of RMB 169 million ( The specific amount shall be subject to the actual remaining funds of the fundraising account at the time of implementation), and the remaining raised funds of the “LED Indoor Lighting Project” shall be 154 million yuan (the specific amount shall be subject to the actual remaining funds of the fundraising account at the time of implementation) and the liquidity will be permanently replenished. .

The above-mentioned total use of raised funds of 521 million yuan to permanently replenish working capital, the company's accumulated funds for over-raised funds with over-raised funds within 12 months did not exceed 30% of the total amount of over-raised funds.

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