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Rainbow Displays Inc. now the related transactions are announced as follows: A company and the actual controller Rainbow Group (hereinafter: the Rainbow Group), China Industrial and Commercial Bank of China branch rainbow sign a "contract of entrusted loan loan", the company intends to apply for 400 million yuan Rainbow Group, entrusted loans, of which 2 billion loan period of 1 year, annual interest rate of 5.31%; another 200 million yuan loan period of 1.5 years, annual interest rate of 5.40%. Second, the company intended to monetary means (own funds) to the controlling shareholder of Rainbow Group Electronic Co., Ltd. (hereinafter: Rainbow Electronics) Rainbow subsidiary of Shaanxi Electronic Glass Co., Ltd. (registered capital and paid-up capital were 390 million yuan, hereinafter referred to as: glass company) capital increase 475 million yuan. Glass company made the company the capital increase, this will be the company invested 460 million yuan to its capital increase and the self-financing 40,000,000 yuan to the Rainbow (Zhangjiagang) Flat Panel Display Co., Ltd. (Department of the Rainbow Holdings subsidiary, registered capital and real paid-up capital are 23 million yuan, hereinafter referred to as: showing) capital increase 500 million yuan for the high-generation TFT-Zhangjiagang LCD Glass projects (total investment of 1.78026 billion yuan) of the building; the same time the company to its capital increase of this input 15 million yuan to the Rainbow (Hefei) LCD Glass Co., Ltd. (Department of the Rainbow Group, a wholly owned subsidiary, registered capital and paid capital are five million yuan, hereinafter referred to as: LCD company) capital increase. Three companies of this particular object will not more than 10 yuan of non-public offering of ordinary shares (A shares), including the Rainbow Group intends to participate in not less than 10 million yuan in cash subscription, subscription price is not lower than the 6.60 yuan / shares. In addition, this non-public offering to raise funds, net (estimated not to exceed 35 billion), to be used exclusively for additional capital increase of the glass company. Glass company has proposed to the replenishment of funds of 18 billion and 500 million yuan were invested an additional capital increase liquid crystal company, showing, for the two companies related to construction of the project. The second, three related transactions involving the relevant agreements have been on September 17, 2009 signed, the company's capital increase on the price of glass are to be asset evaluation institutions to August 31, 2009 as the base date shareholders equity value of the glass after the completion of the assessment, assess the value of the asset base, separate Supplemental Agreement to determine the company's capital increase subscribed by the glass company's registered capital amounts and proportions; glass company shows the company, the company's capital increase LCD prices are August 31, 2009 as the base date of the showing, LCD companies assess the value of equity based glass company to determine the amounts of capital Junan equity conversion ratio of 1:1. The replenishment of the issues involved are the subject of other shareholders to give up this time of subscription rights. We are high quality suppliers, our products such as Touch Screen Tablet Notebook , China LCD AD Board for oversee buyer. To know more, please visits Touch Screen Tablet Notebook.
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