Quick Gem Optoelectronic S&T Co., Ltd. agreed to acquire Tianjin Jiuzhi Optoelectronic Materials Manufacturing Co., Ltd from Tianjin Xinmao Science & Technology Co., Ltd. (SZSE:000836) on December 31, 2013. In a related transaction, Tianjin Xinmao Science & Technology Co., Ltd. will issue new shares in private placement. After the completion of this equity transfer, Tianjin Jiuzhi Optoelectronic Materials Manufacturing Co., Ltd. shall become a wholly-owned subsidiary of Quick Gem Optoelectronic S&T Co., Ltd. Board of Directors of Tianjin Xinmao Science & Technology Co., Ltd. unanimously approved the transaction December 31, 2013.

Shareholders of Directors of Tianjin Xinmao Science & Technology Co., Ltd. approved the transaction on March 18, 2014.