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NSU successfully approved allotment matters

    February 26, 2014, the Commission issued the Audit Committee in 2014 motherboard 26th working meeting reviewed the placement of our project applications. According to the audit results, our placement were approved. March 17, 2014, the company has received the Commission issued "on the approval of Communication Technology Co., Ltd. Suzhou Xinhai placement of approval" (Zheng Jian Xu Ke [2014] No. 271), the company has successfully obtained allotment project application China Commission approval.
            
    According to this allotment plan, the company intends to shareholders Placing Shares in accordance with the ratio of 10:3, can be equipped with a total of 132,769,968 shares Number of shares, the total funds to be raised to 480 million yuan. The arrival will raise funds to invest in energy-efficient semiconductor lighting were integrated light source projects, four areas of innovation and business support platform BroadenGate construction projects, 4G communications equipment production base construction projects and supplement working capital. The investment projects not only in line with national industrial policy and overall strategic direction of the company, and have good market prospects and economic benefits.
            
    Through this placement, the company will further expand the LED, software business, 4G product on a scale, LED, e-commerce, mobile Internet mobile games, etc. will become the company's new business growth. Product structure will be optimized to further promote the development of the company's strategic layout, form a "parent - Communications network equipment, a wholly owned subsidiary of Shenzhen Easy Soft Technology - Software Outsourcing, a subsidiary of the new nanocrystalline - LED, full owned subsidiary company image - video surveillance, "the four-wheel drive industrial complex layout.
            
    Upon completion of the rights issue, the net assets and total assets of the company are to increase the gearing ratio decreased balance structure more stable, the company's overall financial position will be further improved. In the construction period of the project, the company ROE dilution although there will be a certain level, but after the project is completed, the company will achieve revenue growth and profitability will be further enhanced, overall strength and ability to resist risks are the effectively enhance the company's transformation and upgrading ripe.

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