Business split, assets reorganization of Wuhan Cubic Optoelectronics Technology Co., Ltd.

Jul 08, 2016 Ruiyi 65
  According to the strategic development plan of Wuhan Cubic Optoelectronics Technology Co., Ltd., in order to adjust the functional orientation of the Company, the Company transferred the business of gas component flow instrumentation and related assets and liabilities, personnel, R & D, production and sales into wholly-owned subsidiary Hubei Cubic-Ruiyi Instrument Co.,LtdJanuary 1, 2016, Wuhan Cubic Optoelectronics Technology Co., Ltd. held a shareholders meeting to approve the motion of Wuhan Cubic Optoelectronics Technology Co., Ltd. on the spin-off.
  
  Wuhan Cubic Optoelectronics Technology Co., Ltd. business split into two categories:Sensor business was classified as head office Wuhan Cubic Optoelectronics Technology Co., Ltd.
  
  Environmental monitoring system production and sales projects, industrial process analysis system production and sales projects, production and sales of analytical instruments project, instrumentation R & D Center project were classified as wholly-owned subsidiary of Hubei Cubic-Ruiyi Instrument Co.,Ltd