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Xiamen Xinda Co., Ltd. (hereinafter referred to as the company) announced today that the company reviewed and approved the proposal to participate in the joint venture to establish Xiamen Sanan Cinda Financial Leasing Co., Ltd. According to the announcement, the company and Fujian Sanan Group Co., Ltd. (hereinafter referred to as Sanan Group) and Suncore Photovoltaics Incorporated (hereinafter referred to as suncore) jointly invested to establish Xiamen Sanan Cinda Financial Leasing Co., Ltd. (hereinafter referred to as the joint venture company). The registered capital of the joint venture company is 1 billion yuan, of which the company contributes 500 million yuan, accounting for 50 shares; Sanan Group contributes 250 million yuan, accounting for 25 shares; Suncore is invested in US dollars, equivalent to 250 million yuan, accounting for 25 shares. Xinda Optoelectronics Technology Co., Ltd., a subsidiary of Xiamen Xinda Holdings Co., Ltd., is a leading company in the field of optoelectronic packaging and application. Sanan Optoelectronics Co., Ltd., a subsidiary of Sanan Group, is also a leading company in the research and development of LED chips in the domestic optoelectronic industry. Xiamen Xinda said that in recent years, the country has successively issued a series of policies to support the development of photovoltaic and photovoltaic industries. The establishment of the joint venture company will help to make full use of the resources advantages of the company and Sanan Group in the optoelectronics and photovoltaic industries, and promote the optoelectronic business. Develop and optimize asset structure. In order to make full use of the resources advantages of the company and Sanan Group in the optoelectronics and photovoltaic industry, we will jointly establish a financial leasing joint venture company, positioning itself as a financial leasing company based in Xiamen, facing Haixi, radiating the whole country, focusing on new energy industry equipment such as photovoltaic. At the same time, the initial establishment of the joint venture company is mainly based on financing leases for equipment in the new energy industry such as optoelectronics and photovoltaics. The establishment of the joint venture company will help promote the development of the company's photovoltaic business and optimize the asset structure. The joint venture company relies on the mature industry background of shareholders and through the stable business cooperation channels of upstream and downstream enterprises. Under the premise of grasping the development trend of the industry, the promotion of Xiamen Free Trade Zone will create a favorable environment for the development of financial leasing business, and the joint venture company will make full use of it. The policy advantages and location advantages of the Xiamen Free Trade Zone can achieve stable and good return on investment and form a new source of profit. In addition, there are news that the Fujian Free Trade Zone is about to be listed in the near future. As an important part of the Xiamen Free Trade Zone, the resulting location and policy advantages have also created a favorable environment for the development of the financial leasing industry. At the 2014 China Financial Leasing Annual Conference held at the end of last year, the Ministry of Commerce also revealed that it is working hard to draft relevant opinions on accelerating the development of the financial leasing industry. Some people believe that the current financial leasing industry is in the stage of strategic opportunities for development. Xiamen Xinda said that the joint venture company will hire professionals to form a professional team composed of new energy industry, finance, law, finance, IT and risk control personnel to ensure the smooth development of the business.
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