Fei Le audio clarification has not been announced in France to build LED energy-saving lamp factory

Recently, there were overseas media reports (reproduced on some domestic websites). French Prime Minister Vals went to Meuse in March 21 to meet with representatives of the Chinese company “Shanghai Yidian Feile Audio Group” (INESA) Europe Branch. The factory hosted the groundbreaking ceremony. The company plans to invest 100 million euros in Verdun, Meuse, France to build a factory that produces LED energy-saving lamps. According to the plan, the plant should be completed by the end of 2017 and officially put into operation in 2018, creating 200 to 300 jobs. While building the Meuse factory, INESA also intends to implement an ambitious acquisition plan to form a large group in Europe that employs 12,000 to 15,000 paid employees.

1. Verified by Shanghai Feile Audio Co., Ltd. (hereinafter referred to as the company): Zhuang Shenan, the company's director and general manager, and Meng Zhaoqi, general manager of INESA EUROPE, a wholly-owned subsidiary of Beijing Shenan Investment Group Co., Ltd., a wholly-owned subsidiary of the company, in France On March 21st, local time, he participated in the unveiling ceremony of the production and R&D center held in Meuse. However, he did not announce the investment plan of the company to invest in the construction of LED energy-saving lamp factory, the completion of the factory, the commissioning and other related plans. There is no substantial investment progress in the contract. The general manager of the company participated in this unveiling ceremony as an intentional ceremony, not a substantial investment, but only a form of promoting the market.

2. On January 31, 2015, the company disclosed on the Shanghai Stock Exchange website and China Securities Journal and Shanghai Securities News that Shanghai Feile Audio Co., Ltd. signed a wholly-owned subsidiary Beijing Shenan Group. China and France jointly promoted the French Green Lighting Energy Saving Reform Agreement and the Resumption Announcement. The main contents of the announcement are as follows:

On January 29, 2015, Beijing Shenan Investment Group Co., Ltd., a wholly-owned subsidiary of the company, signed the “Agreement on Sino-French Joint Promotion of Green Lighting Energy Saving in France” at the Great Hall of the People in Beijing, China, with the French ARELIS Group and the Meuse Province of France. Beijing Shenan Investment Group Co., Ltd., a wholly-owned subsidiary of the company, plans to invest 100 million euros in the production of LED production plants and R&D centers in Meuse, France. At the same time, the French government is coordinated by Meuse, France, and 20 cities in France within 5 years. The EMC (contract energy management) investment model is used for lighting energy-saving renovation and urban lighting and beautification construction, with a total planned investment of 3 billion euros.

According to the content of the agreement, the transaction aims to determine the cooperation relationship between the two parties and implement the relevant principles and issues of the Beijing Shenan Group's construction of LED production plants and R&D centers in Meuse, France. It is intentional.

Beijing Shenan Group plans to invest 100 million euros in France to create LED France is a major foreign investment project, in accordance with laws and regulations and the "Articles of Association", it needs to be submitted to the company's board of directors and shareholders meeting for approval, and reported to the relevant authorities of the Chinese government for approval There is still uncertainty.

With regard to starting from March 2015, in 15 years, in 20 cities in France, the French government will be coordinated by Meuses, France, and the EMC investment model will be used to carry out lighting energy-saving renovation and urban lighting and beautification construction. The specific implementation clauses need to be signed separately. There is still uncertainty. The specific implementation of the above matters still needs to perform the examination and approval and other related procedures, and there are still uncertainties. Investors are advised to pay attention to investment risks. For the follow-up progress of the above matters, the company will disclose it in a timely manner according to law.

3. The company reiterated that the investment in the construction of LED factories in France is a major foreign investment project. According to laws, regulations and the Articles of Association, it needs to be submitted to the company's board of directors or shareholders meeting for approval, and submitted to the relevant authorities of the Chinese government for approval. As of the disclosure date of this announcement, the company has not yet carried out relevant decision-making and approval procedures for the establishment of LED energy-saving lamp factories, and relevant media reports are not true.

4. After consulting the company's actual controller, Shanghai Yidian (Group) Co., Ltd., there is currently no acquisition plan for hiring 12,000 to 15,000 paid employees in Europe. Relevant media reports are not true.

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