On June 6, Mulinsen issued an early announcement that in order to improve management efficiency, optimize resource allocation, reduce operating costs, further expand the market, and fully implement the company's long-term strategic planning, the company plans to convert some of its product sales models from direct sales to direct sales. For this purpose, the company intends to transfer the equity of some wholly-owned and controlled sales subsidiaries to third parties. The equity transfer is intended to be based on the audited net assets as of December 31, 2016, after the consideration period. After the profit and dividend factors, the relevant parties to the equity transfer negotiate to determine the price, and the amount of equity transfer involved is not expected to exceed RMB 24 million. Within the above-mentioned range of 24 million yuan, the board of directors intends to authorize the general manager of the company, Mr. Sun Qinghuan, to make a decision on the specific matters of such equity transfer, and represent the company in the relevant equity transfer agreement and the application documents and other relevant documents required for industrial and commercial registration matters. Sign and authorize the relevant personnel to handle the relevant equity transfer procedures. The company expects that the transaction price, total assets, operating income, net profit, etc. involved in the relevant equity transfer will not meet the standards for asset sales transactions that should be disclosed in a timely manner as stipulated by laws, regulations and regulatory documents. If the transaction price of the relevant equity transfer reaches the information disclosure standard for the asset sale transaction, the company will separately handle the corresponding approval procedures in accordance with the relevant provisions of laws, regulations and regulatory documents, and fulfill the information disclosure obligations in a timely manner. Lcd Bar Display,Shelf Edge Display,Stretched Bar Lcd,Stretched Bar Display ALLIN , https://www.displayapio.com