Qinshang Optoelectronics announced on Wednesday evening that the company plans to subscribe for 10 million shares of Xiamen International Bank Co., Ltd. at a price of 7.5 yuan per share. As of December 31, 2014, Xiamen International Bank had total assets of 348.9 billion yuan and net assets of 15.446 billion yuan; in 2014, it achieved operating income of 5.604 billion yuan and net profit of 2.228 billion yuan. Qinshang Optoelectronics said that this investment in Xiamen International Bank will help the company establish a good bank-enterprise cooperation relationship, further optimize the company's external investment structure, improve the company's capital utilization efficiency and future investment income. The source of investment funds is the company's own funds, which have no adverse impact on the company's ability to continue operations and assets. The company's investment in Xiamen International Bank still requires relevant regulatory authorities to conduct shareholder qualification review.
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