Mulinsen signed a letter of intent to acquire a high-quality asset in the LED industry

Mu Linsen announced on the afternoon of May 16 that in order to give full play to the advantages of all parties and achieve multi-win, the management of the company decided to sign with Harmony Haozhen Investment Management (Beijing) Co., Ltd. (hereinafter referred to as “Harmonious Haohao”). The "Limited Partnership Enterprise Partnership Letter of Intent" (hereinafter referred to as "Intent Letter"), it is proposed to use its own funds to establish a limited partnership with Harmony or its affiliates and other investors. The amount of subscribed capital is tentatively set at RMB 50,000. The specific amount will be determined in the formal partnership agreement signed by the parties. In the later stage, the amount of capital contribution and investors can be increased according to the investment situation.

Acquired equity in high-quality LED industry by participating in capital increase, equity transfer, etc., and acquired high-quality assets in LED industry. The duration of a limited partnership is 5 years. After the expiration of the duration of the limited partnership, it is proposed by the general partner and approved by the majority of the partners' meeting, which can be extended for another year.

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