Lukang Science And Technology: Announcement Of Investment And Establishment Of Jiangsu Lukang & Amp; La Dress Co., Ltd.

Securities code: 601599 securities short: Lukang science and Technology Bulletin number: 2012-003

Jiangsu Lukang Polytron Technologies Inc

Invest in Lukang, Jiangsu.

All members of the company and the board of directors guarantee that there is no false record, misleading statement or content of the announcement.

A major omission, and the authenticity of its contents.

Important note:

1. name of investment target: Jiangsu Lukang Long Po Garments Co., Ltd.

2. the amount and proportion of investment: RMB 20 million 400 thousand yuan, accounting for 68% of registered capital.

3, expected revenue: annual sales of 200 million yuan, the profit of 25 million yuan.

I. overview of foreign investment

In February 10, 2012, the company held the second sixth board of directors in the company's seat, 9 votes.

Meaning, 0 votes against, 0 abstentions passed the "investment in the establishment of Jiangsu Lukang Long Po Garments Co., Ltd."

"The motion" agreed that the company and Zhu Yibo, such as five natural persons.

Pat Garments Co., Ltd. (hereinafter referred to as "La PA dress"), the registered capital of La PA is 30 million yuan,

Among them, the company invested 20 million 400 thousand yuan in cash, accounting for 68% of the total registered capital, and Zhu Yibo and other five natural persons.

People invested 9 million 600 thousand yuan in cash, accounting for 32% of the total registered capital.

Registered in Zhangjiagang, Jiangsu.

To cruise tanning tanning and shirts, mainly in the industry uniform, export, OEM, and retail as a supplement.

The above investment is within the decision-making scope of the board of directors.

Two, the basic situation of the investment agreement body

Name Nationality / place of residence source of funds

Zhu Yibo, China, Zhangjiagang has its own funds.

Zou Liming, China, Zhangjiagang has its own funds.

Wang Dongping, China, Jiangyin has its own funds.

Qian Hong, China's own capital in Zhangjiagang

Bao Yafei, China, Fenghua has its own funds.

Three. Introduce the basic situation of investment target.

1. Company Name: Jiangsu Lukang Long Po Garments Co., Ltd.

2, registered capital: 30 million yuan.

3. Registered address: Deer Park, Zhangjiagang.

4, enterprise type: limited liability company.

5, business scope: clothing, clothing, knitwear manufacturing, processing and marketing; textile raw materials, clothing and

Accessories, bags, leather products, daily use

Business.

The above contents are subject to the approval of the administrative department for Industry and commerce.

6. Shareholders' contribution ratio:

Capital contribution ratio

Serial number shareholder name capital contribution source of funds

(10000 yuan) (%)

1 Lukang science and technology 204068 cash own funds

2 Zhu Yi Bo 60020 cash own funds

3 Zou Liming 1505 cash own funds

4 Wang Dongping 903 cash own funds

5 money red 602 cash own funds

6 packs of Ya Fei 602 cash own funds

Four, the impact of foreign investment on the company

With the opportunity of successful listing by Lukang science and technology, the company will continue to become stronger and bigger as soon as possible.

Developing demand, further improving the industrial chain, realizing the pformation from semi finished products to finished products, fully reflecting 1+1>2

The advantages complement each other, and also pave the way for the future stock companies to create their own brands. The three party resources are mutually advantageous.

Fill up.

At the same time, the establishment of the apparel company will also become a new growth point for the company to expand its business.

And long-term benefits of future benefits.

Of course, because of the fierce competition in the current professional clothing and other industries, the company has invested in the establishment of the above clothing company.

In a certain market risk.

For this reason, the company will make use of its original technology and market resources and adopt its own unique characteristics.

Style and technology, development and design meet the market.

It will initially build 500 thousand suits and 1 million shirts, and is expected to achieve annual sales.

200 million yuan, the profit is 25 million yuan.

At the same time, gradually establish their own clothing brand.

This investment does not involve related party pactions. The amount of investment is within the authorized scope of the board of directors.

The Eastern Conference deliberated.

Five. Reference documents

1, the sixth meeting of the second Polytron Technologies Inc board of directors of Lukang, Jiangsu.

The above contents are hereby announced.

Jiangsu Lukang Polytron Technologies Inc board of directors