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Among them, the price of 55 million yuan was purchased by Jixing (Hong Kong), which was funded by Jiangsu Jixing, with a total investment of RMB 28.96 million, accounting for 21.93% of the total capital invested by Jiangsu Jixing. The subscription of Jiangsu Jixing was RMB 112.23 million, which accounted for an additional investment of RMB 11 million. Jixing was 28.57% of the total investment after the completion of the merger.
Jixing (Hong Kong) and Wang Lubao jointly promised that Jiangsu Jixing will have a net profit after tax of not less than RMB 30 million, RMB 60 million and RMB 100 million in 2015, 2016 and 2017 respectively.
According to the announcement, Jiangsu Jixing has a complete set of complete production facilities, equipment and related technology from the growth of sapphire crystals to substrates and window sheets. The products cover large-size sapphire ingots, 2-8-inch sapphire ingots, and 2-8-inch sapphires. Substrate, optical window materials, mobile application optical sheets, laser beauty crystal strips, sapphire packaging strips for optical communication, etc., with an annual output of 3.6 million 2 inch high quality LED substrate sheets. Cutting and polishing equipment are imported advanced equipment, processing precision, yield and efficiency are in the forefront of the same industry.
The company said that the acquisition of Jiangsu Jixing equity will help the company cut into the sapphire cover glass field, give full play to the company's dominant position in the display materials field, and make the sapphire cover glass and the high-aluminum cover produced by the company's hosting company Sichuan Xuhong Optoelectronics Technology Co., Ltd. Sheet glass forming products complement each other, covering the middle and high-end market of mobile phone cover glass, enhancing the company's competitiveness and having a positive impact on the company's sustainable development. 
Dongxu Optoelectronics plans to take 167 million shares of Jiangsu Jixing into the sapphire field
Dongxu Optoelectronics (000413) announced on the evening of the 19th that the company intends to cooperate with Jixing New Materials Investment (Hong Kong) Co., Ltd. ("Jixing (Hong Kong)"), Jiangsu Jixing, Wang Lubao, Wu Meirong, Jiangsu Huantai Group Co., Ltd., Zhenjiang Huantai Silicon Technology Co., Ltd., Jiangsu Meike Silicon Energy Co., Ltd. and Gaozhao Solar Technology Co., Ltd. signed the "Equity Transfer and Capital Increase and Share Expansion Agreement", and planned to invest 167,343,300 yuan to acquire a 50.5% stake in Jiangsu Jixing.