Continue to increase the number of LED lighting business overclocking three plans to acquire a 49% stake in Suntec Energy

On April 12, Overclocking III issued an announcement on the suspension of major asset restructuring. The announcement stated that the company intends to acquire 49% equity of Zhejiang Yida Energy Technology Co., Ltd. (hereinafter referred to as Yida Energy) by way of issuing shares. The exchange applied for, the company's stock has been suspended since the market opened on April 13, 2018 (Friday). On April 12, Overclocking III issued an announcement on the suspension of major asset restructuring. The announcement stated that the company intends to acquire 49% equity of Zhejiang Yida Energy Technology Co., Ltd. (hereinafter referred to as Yida Energy) by way of issuing shares. The exchange applied for, the company's stock has been suspended since the market opened on April 13, 2018 (Friday). Previously, Overclocking III announced on September 12, 2017 that the company agreed to acquire Huangdayan, Chen Shujie and Hangzhou Winsea Investment Management Partnership (Limited Partnership) held by Huahai Energy 51 with self-raised funds of RMB 127,500,000. % equity. So far, after the completion of this equity transfer, Overclocking will hold a total of 100% of the equity of Suntec Energy and continue to add LED lighting business. Yida Energy is an energy-saving service company specializing in providing one-stop solutions for LED urban green lighting renovation. Its business scope includes technical development and technical services, installation and maintenance of new energy products, solar energy products, energy-saving products, energy-saving equipment, and contract energy. Management, engineering and technical consulting, engineering management consulting, construction design consulting, conference services; sales: led lights, energy-saving products, energy-saving equipment, household appliances, central air-conditioning, HVAC equipment, heating and cooling equipment, building automation systems, lighting lighting systems Design, installation and maintenance, urban road lighting engineering, mechanical and electrical equipment installation engineering construction; production of indoor and outdoor lighting, fire intelligent power supply and lighting (production limited branch operations) (projects subject to approval according to law, approved by relevant departments before carrying out business activities ). Overclocking three said that the relevant equity transfer transaction price is based on the evaluation result of the evaluation report issued by the evaluation agency with the qualification of securities business, and is determined by the relevant parties of the transaction. The payment arrangement of the equity transfer price shall be agreed upon by the relevant party of the transaction to sign a formal reorganization agreement.

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