Purple light core countries, according to the announcement on August 3, night to improve management efficiency, straighten out the company structure, integrate internal resources, the company of crystal business for internal adjustment, will the crystal business related assets in the listed company, the parent company and subsidiary detachment to core crystal source electronics co., LTD. Is a wholly owned subsidiary of tangshan countries. Adjustment scheme mainly includes two aspects of assets and equity transfer.

Assets, the listed company, the parent company in the form of crystal division in the crystal business operation and management of the relevant assets to a wholly owned subsidiary of tangshan the core chip source. Plans to divest assets including crystal division book assets and liabilities; Crystal business related trademark, patent and the patent technology; Related to the crystal business sign, which have not been performed the subsequent rights and obligations under the contract; Crystal group subordinate personnel. On December 31, 2015, the assets audit book value is RMB 407 million.

Equity transfer, the subsidiary wholly owned subsidiary of tangshan crystal source electronics co., LTD., and in 30% of the subsidiaries of jiujiang wah piezoelectric crystal materials co., LTD., are engaged in crystal business related business, now managed by crystal division. As part of the crystal business integration, also adjusted respectively for tangshan crystal source of the core subsidiary wholly owned subsidiaries and 30% stake.

Company said that after the adjustment, the company all crystal by tangshan crystal source operating the core business, the parent company will no longer direct crystal related business, further define the function orientation of parent company management center, r&d center, meet the needs of the company's future development internationally. At the same time can further improve the company's business unit independent operation and appraisal mechanism, internal has clear and management, promote the adjustment of the optimization of crystal business itself, form new competitiveness.

Another announcement said at the same time, the company will held by Beijing tongfang to scale venture investment center (limited partnership) all the rights and interests of the partnership to transfer 13.75 million yuan prices to Beijing tongfang technology co., LTD. Beijing and foster tongfang technology co., LTD. The original controlling shareholder tongfang co., LTD., for the company and its wholly owned subsidiary of Beijing tongfang innovation investment co., LTD., a joint investment company, and Beijing and foster tongfang technology co., LTD., the legal representative Mr Pan Jin director for the company's departure a year. Therefore, Beijing shi tongfang technology co., LTD for the affiliated enterprise of the company, this transaction constitutes affiliate transaction.

To this, the company said the company is the memory chip industry chain for strategic layout, assignment of rights and interests of the partnership can concentrate the resources to do big business, further improve the core competitive ability, be helpful for the long-term development of the company, not for the company's financial position and operating results. Analysts said the purple light group for the development of storage business firm, chairman of the board of directors wei-guo zhao said publicly, purple light will invest $30 billion main memory chips in the future.