Sanan Optoelectronics: Indirect controlling shareholders plan to increase their shareholdings by 50 million yuan to 100 million yuan

On the evening of August 2, Sanan Optoelectronics announced that the company’s indirect controlling shareholder Sanan Group and its concerted parties plan to increase their holdings of the company’s shares through centralized bidding transactions within 3 months from the date of the announcement. The total increase in holdings is between 50 million yuan and 100 million yuan.

The announcement shows that Sanan Optoelectronics received a notice from the indirect controlling shareholder Fujian Sanan Group Co., Ltd. (hereinafter referred to as "Sanan Group") yesterday. Based on their confidence in Sanan Optoelectronics' future development prospects, Sanan Group and its concerted parties plan to increase their holdings of Sanan Optoelectronics' shares through centralized bidding transactions with their own funds, with a total increase of 50 million to 100 million yuan. The holding increase plan will be implemented within 3 months from August 2.

Currently, Xiamen Sanan Electronics, the controlling shareholder of Sanan Optoelectronics, holds 24.33% of the shares of Sanan Optoelectronics, while Sanan Group holds 4.88% of the shares of Sanan Optoelectronics. The two parties collectively hold approximately 29.21% of the shares, and Sanan Group also holds 68.539% of the shares of Sanan Electronics. Therefore, Sanan Group is the indirect controlling shareholder of Sanan Optoelectronics.