Zhengzhou Howell Electronic Science&Technology Co., Ltd. (hereinafter referred to as the "company"), the first session of the board of directors the 12th meeting on April 16, 2014 in the company conference room held. Meeting examined and adopted the Zhengzhou Howell Electronic Science&Technology Co., Ltd. stock issue plan "and" for the stock issuing revised bill of the articles of association of the company ". The motion is to be submitted to the company in 2014 second extraordinary general meeting of shareholders. The stock issue adds a new institutional investor: Beijing creation Huaxin Asset Management Center (limited partnership), the creation of Huaxin intends to subscribe for the entire issue of all of the shares in cash. After the completion of the issuance of the stock, the company raised funds 10 million yuan, the total share capital of the company will increase from 10 million 800 thousand to 12 million 600 thousand shares. The company's total assets and net assets have been greatly improved, the overall financial situation of the company will be further improved, the financial strength. The funds raised will be used to supplement working capital and expand the company's production scale, improve the market share of the company's products, thereby enhancing the overall competitiveness of the company.
The funds raised in place, is expected to be fully used in the the basic construction of Weifang production base .
