December 28, 2012: Northern Optoelectronics Co., Ltd. recently announced that it will transfer 87.92% of the equity held by Yunnan Tianda Photovoltaic Technology Co., Ltd. held by the company to its controlling shareholder, Northern Photonics Group Co., Ltd. Holds equity of Yunnan Tianda Photovoltaic Technology Co., Ltd.

In the announcement, Optoelectronics said that as of September 30, 2012, the total unaudited assets of Tianda Company was RMB 902 million, total liabilities were RMB 807 million, and net assets were RMB 94.64 million. From January to September 2012, the company realized operating income of 54.62 million yuan, net profit of 114 million yuan, net profit after deducting non-recurring gains and losses of -116 million yuan. Optoelectronics said that after the completion of the audit and evaluation work, the board of directors will convene the board of directors to review the transaction, clarifying the transaction price, payment method, and delivery schedule.

Optoelectronics also reaffirmed that China Optoelectronics Group, Hongta Innovation Investment Co., Ltd. and Yunnan Industrial Investment Holding Group Co., Ltd. will commit themselves to a major asset restructuring in 2010. If the company achieves a net profit of less than 2 in 2012, it will still be effective. , 9 million yuan, within 30 working days from the date of the company's announcement of the 2012 annual report, the difference in the proportion of shares held by Tianda before the implementation of the major assets reorganization transaction was compensated by cash to the photoelectric shares, and the difference of the performance promises was not reached.