On the evening of May 2, Jinlaite (002723) announced that the company signed the “Equity Acquisition Intention Agreement†with Zhou Xixiang and Guangdong Xiangli Industrial Co., Ltd. (hereinafter referred to as “Xiangli Industryâ€) on May 2, 2018. The company plans to acquire 100% equity of Foshan Shunde Jinxiangli Electric Appliance Co., Ltd. (hereinafter referred to as “Jinxiangliâ€). Jin Xiangli was established on April 25, 2018. Its main business scope is research and development, production and sales of household appliances, lamps, lighting and accessories, hardware products, kitchen supplies, and the import and export business of the above-mentioned commodities and technologies. According to the announcement, Jin Xiangli was established to undertake all the assets of Xiangli Industry, including but not limited to technology, personnel, sales network (customer resources). Since 2004, Xiangli Industrial has been focusing on the R&D, production and sales of AC fans and electric heaters. The products are independently developed and obtained a number of patent certificates, international and domestic certifications and selected products of China's famous products. Its production products are mainly export-oriented. Over the years, it has accumulated a number of stable customer resources. In 2017, it realized operating income of 53 million yuan (unaudited); in the first quarter of 2018, it realized operating income of 15 million yuan (unaudited) ). It is reported that the proposed acquisition of equity price is based on an evaluation report issued by a professional evaluation agency with legal qualifications, not higher than 17 million yuan. Jin Laite said that the company intends to acquire the professional technology and talents, market and customer resources of Jinxiangli's AC fans and electric heaters through the acquisition of 100% equity of Jinxiangli, and quickly form the market competitiveness of AC fans and electric heaters to make up for company exchanges. The short board in the field of fans and electric heaters complements the company's talents, technology and business, and promotes the coordinated development of the company's AC and DC fan sales business, thereby enhancing the company's comprehensive competitiveness in the home appliance industry. GUANGZHOU LIWEI ELECTRONICS CO.,LTD , https://www.gdliwei.com