Tsing Chuang Investment Subscribe true Neon new shares

Tsing Capital recently announced that the investment of 30 million U.S. dollars to subscribe to the international well-known led (light-emitting diode) manufacturers true Neon Holdings Limited ("True neon", Hong Kong Stock Exchange Code 1868) 11.3% of the equity, and become the company's largest institutional investors. The 96.731 million new shares in Tsing Capital's subscription account, which accounted for 12.7% of the shares issued prior to the date of the subscription agreement, accounted for 11.3% of the shares issued after the offer, and the subscription allotment price was 2.40 Hong Kong dollars per share, compared with 2.30 HK $4.34% per share at the closing price for the previous day (14th　　The real-Ming will raise the additional 29,999,922 to 47 U.S. dollars (about 232,154,400 HKD) funds to meet the continuing capital expenditure requirements and general operating funds. Neon is a world leader in LED lighting products manufacturers, products cover LED general lighting, led commercial lighting, LED decorative lights, LED stage lights and LED display and many other fields. Real-Bright with its penetration of product development, production, sales, project design and construction and other aspects of the integrated vertical integration model to create a cost-effective low-cost operating advantages, and has a wealth of product lines and deep customer base. Company attaches great importance to research and development, with more than 350 patents at home and abroad.