RM of Guoxuan Hi-Tech, the power lithium battery company shared by Foshan Lighting, landed. Dong Yuan Electrical which has halted its trade for five months, released restructuring plan in the evening on September 9, 2014 and proposed to inject Guoxuan Hi-Tech with 100% equity, making a price RMB3.35 billion.

Different from various back-door cases, the restructuring plan retained Dong Yuan Electrical’s original businesses instead of asset replacement.

Guoxuan Hi-Tech said in the short time, Dong Yuan Electrical may maintain double main businesses development, and it might further discuss deep cooperation and extension of industry chain with Dong Yuan Electrical in the future.

Up to the end of previous year, the book value of net assets of Guoxuan Hi-Tech amounted to RMB860 million; comparing that, value-added rate of estimated value of the above assets hit 289.76%. The announcement also presented that the supporting funds raised by Guoxuan Hi-Tech will be used for constructing 240 million AH power lithium battery industrialization project and power lithium battery and materials R&D center project. Based on the current client structure of Guoxuan Hi-Tech, newly-increased capacity will be put into new energy vehicle field.

As for the newly-increased capacity, Guoxuan Hi-Tech plans to focus on coach buses with the supplements of light-duty vehicles like cars to promote and expand; expect for considering slightly higher gross margin of coach buses, Guoxuan Hi-Tech’s capacity plan will benefit from many positive factors including bus sub-segments, strong government purchase payment ability, large market demand space and convenience of fixed operating infrastructure.