The application of the new subsidiary of Huida Optoelectronics Co., Ltd. was accepted.

On November 3, Shiyida (002137) issued a notice stating that Huida Optoelectronics Co., Ltd. received the “Notice of Acceptance” issued by the National Small and Medium Enterprise Share Transfer System Co., Ltd. on October 30, 2015, which was submitted by Huida Optoelectronics. The application materials listed in the national SME share transfer system have been accepted.

Huida Optoelectronics registered capital of 16.55 million yuan, the company's shareholding ratio of Huida Optoelectronics is 42.40%, and the company holds 62.40% of its voting rights.

It is understood that Huida Optoelectronics Co., Ltd. is a company integrating R&D, production and sales, specializing in R&D and production of LED (Light Emitting Diode). The products are mainly used for traffic lights, indoor and outdoor displays, household appliances, backlights, lighting and so on.

Huida Optoelectronics has a domestically advanced fully automatic production line, introducing internationally advanced automatic production equipment such as ASM automatic solid crystal machine, wire bonding machine, potting line and automatic test spectrophotometer, as well as push-pull force meter and life testing machine. Testing and reliability testing equipment such as high temperature testing machines.

Huida Optoelectronics said that it is uncertain whether the application will be successfully completed in the national SME share transfer system. Investors are advised to pay attention to investment risks.

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