Mulinsen subsidiary plans to purchase 18.7722% equity of Bridgelux for RMB 256 million

On July 5, Mulinsen (002745) announced that LEDVANCE GmbH, a subsidiary of the company, plans to purchase 18.7722% of the equity of Bridgelux Optoelectronics (Xiamen) Co., Ltd. (hereinafter referred to as "Bridgelux Optoelectronics") with its own funds or self-raised funds of approximately 256 million yuan.

The announcement shows that this transaction does not constitute a major asset reorganization or reorganization listing as stipulated in the "Administrative Measures for Major Asset Reorganization of Listed Companies". After the transaction is completed, LEDVANCE GmbH, a subsidiary of Mulinsen, will hold 18.7722% of Bridgelux's equity.

Mu Linsen said that Bridgelux was established in 2011 and is positioned as a leading enterprise in the LED patented device industry and an important supplier of semiconductor power devices. The business scope covers the R&D, manufacturing and sales of LED epitaxial chips, packaging (SMD, COB), phosphors, power devices, lighting modules and other products. It has the ability to coordinate upstream and downstream R&D to provide customers with the best solutions. It owns two well-known international LED brands, "Bridgelux" and "Intematix". Through this equity purchase, the company and Bridgelux will deepen their technological collaboration andIndustrial chain integration and market linkage improve the technical content and market competitiveness of products.

The following is the composition of Bridgelux Holdings:

LEDVANCE GmbH is mainly engaged in the development and manufacturing of lamps, lighting equipment and optoelectronic products. As of December 31, 2024, the audited financial data showed total assets of RMB 8,790.2167 million, total liabilities of RMB 3,729.4502 million, and owners' equity of RMB 5,060.7665 million. In 2024, operating income of RMB 9,513.844 million was achieved, operating profit was RMB 779.0576 million, and net profit was RMB 585,180.3 Ten thousand yuan.

On the 4th, the seller’s parent company Fucai issued an announcement on behalf of its subsidiary Epistar JV Holding (BVI) Co. This move is to accelerate asset activation and optimize asset structure, focusing resources on emerging application areas with high added value.

Fucai spokesman Liu Xingjia, deputy general manager, said that the punishment for Bridgelux 18.7722% equity to LEDVANCE GmbH, with a transaction price of approximately RMB 4.5418 per share.

Fucai explained that Bridgelux's main business is lighting products, which is inconsistent with the group's current "3+1" high value-added application strategy of automotive, advanced display, smart sensing and AI optical communications. After evaluation, it was decided to dispose of assets to recover cash and allocate funds to new areas of business.

Fucai stated that this transaction is expected to reduce shareholders’ equity in Fucai’s balance sheet in 2025 by approximately US$19.154 million.

Fucai emphasized that although it will have a short-term impact on shareholders' equity, it will help improve the company's overall financial structure and operating performance in the long term. In the future, it will focus more on promoting the "dual value-added engine" strategy to create the best interests of shareholders.