Shanghai Feile Co., Ltd. recently announced that the company has signed the "Deco Electronics Equity Transfer Agreement" with Guangming Food Group Shanghai Changjiang Corporation and Yang Yi, respectively, and Deco Electronics 95, which is held by Shanghai Guangchang Corporation of the Shanghai Guangchang Group. % of the equity, the transaction price of 192.73 million yuan; was held by Yang Yi Deco Electronics 2.5% stake in the transfer price of 5.07 million yuan.

It is understood that Deco Electronics was established in 1995 with a registered capital of 124.225 million yuan. As of December 31, 2010, Deke Electronic Assets totaled 400 million yuan, belonging to the owner's equity of the parent company of 174 million yuan, operating income of 574 million yuan, and net profit attributable to the parent company's owner of 12.93 million yuan. It is an OEM company specializing in the R&D and production of automotive instrument clusters , air conditioning controllers and related automotive electronics products.

Feile said that Deco Electronics is a high-tech enterprise specializing in the R&D and production of automotive instrument clusters , air-conditioning controllers, automotive sensors, and digital clocks, and has a strong technological level and R&D capabilities and is relatively mature. Production process and management level as well as better vehicle manufacturer channel advantages. Through the acquisition of Deco Electronics, not only can it quickly expand the company's automotive electronics business market channels, increase market share, enhance market image, but also will meet the needs of the company's automotive electronics industry development strategy, and provide impetus for the company's automotive electronics industry to follow-up development.

At the same time, after the completion of the equity transfer, the scope of the company's consolidated statements will change, and the main business revenue will increase substantially, which will also enhance the company's profitability. The land currently used by Deco Electronics has an area of ​​75756 square meters. The nature is industrial and state-owned allocation of land. There are uncertainties in the company's handling of land transfer procedures, which may affect the company's risks. The company will implement the relevant land transfer procedures as soon as possible. .

Shanghai Fei Le Co., Ltd. was established in September 1987 and is one of the earliest listed companies in New China. The company's total share capital is 755 million yuan. Up to now, the company has become a high-tech group company that researches and manufactures electronic components, scientific instruments, and information and communications products. The main products include automotive electronics, automotive electronics, wiring systems, analytical instruments, electrochemical instruments, balance instruments, and physical optics instruments. , electronic and mechanical equipment, wireless communication equipment and systems, power management systems, etc.

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