Foshan NationStar Optoelectronics (002449.SZ) intends to transfer 49% of the subscribed equity of its subsidiary Gaozhou NationStar to BaiQianWan Fund.

Foshan NationStar Optoelectronics (002449.SZ) announced that in order to further optimize its capital structure, enhance the efficiency and benefits of capital operations, the company plans to transfer 49% of the subscribed equity (corresponding to a capital injection of 147 million RMB) of its wholly-owned subsidiary, Gaozhou City Foshan NationStar Optoelectronics Technology Co., Ltd. (referred to as "Gaozhou NationStar"), to Guangdong HighQuality Development Industry Investment Mother Fund Partnership Enterprise (Limited Partnership) (referred to as "HighQuality Fund") at a price of 35,900 RMB, through a non-public agreement transfer. The HighQuality Fund will be introduced as a strategic investor. This equity transfer will help achieve a deep integration and complementary advantages of resources between the two parties, establish a long-term stable strategic cooperation relationship, provide sufficient resource support and a wide cooperation foundation for the company's future M&A and capital operation actions, and support the company's long-term development, without causing any adverse impacts on its production and operation.