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On June 14, 2022, Inventech signed the Equity and Assets Purchase Agreement with OSRAM GmbH ("Seller 1") and OSRAM S.p.A. ("Seller 2"), intending to purchase Seller 1 and Seller 2 in cash. The underlying assets are held directly or indirectly through its subsidiaries and affiliates.

The transaction consideration will be calculated according to the progress of the transaction, based on the basic purchase price of 74.5 million euros, and taking into account the total cash of the underlying assets, total financial liabilities and other data. The transaction is expected to constitute a major asset reorganization, and the relevant audit and evaluation work has not been completed.

It is reported that Inventech's main business is the research and development, production, sales and technical services of LED drive power, and is committed to providing global customers with intelligent LED drive power overall solutions.

Inventech's products are mainly driven by medium and high power. While expanding traditional markets such as road lighting, industrial lighting, and landscape lighting, the company proactively identifies emerging application fields such as plant lighting, sports lighting, and explosion-proof lighting. . At present, the field of horticultural lighting has developed into the company's main sinking niche market.

In addition, Inventronics actively promotes its global layout, and has established subsidiaries in the United States, Europe, India, and Mexico; established an independent marketing and service network in the global market; established offices in South Korea, Singapore, and Italy; Set up overseas factories in Mexico and India and achieve mass production; products are exported to North America, Europe, Japan, South Korea, South America, Southeast Asia, the Middle East and many other countries and regions around the world.

The LED driver power supply involved in the subject asset business has a complete portfolio of constant current, constant voltage and multi-output power supplies, and its complete product series can meet various standard and customized types of LED electrical and optical facilities, covering industrial, commercial , various fields of agriculture.

As of December 31, 2021, the assets of the underlying assets are mainly distributed in more than 30 countries and regions in Europe, Asia, Africa, Oceania, etc., and established in Garching, Germany, Treviso, Italy, Shenzhen, China and Delhi, India. 4 R&D centers.

In terms of products, Inventech is mainly engaged in medium and high power LED drive power, while the underlying assets mainly develop various kinds of corresponding products of medium and small power. After the acquisition is completed, Inventel will have a complete product sequence and complete the full distribution of products of various power types.

In terms of technology, the target asset has sufficient software and hardware R&D and design capabilities in terms of digital power conversion, digital addressable lighting interface, near field communication, component integration, and wireless. The R&D advantages of the assets realize the intelligent, integrated and digital development of the LED system.

In terms of market, Inventel currently mainly conducts direct sales and distribution in the European region through an independent marketing and service network. The underlying assets serve more than 1,800 customers in Eurasia and cover major lighting OEMs in the EMEA (Europe, Middle East, Africa) market.

Through this transaction, Inventel will use the market channels of the underlying assets to cover the company's main products with end-customer channels in the European region, and further improve the company's global layout in production, sales, R&D and other functions. Development has important strategic and economic significance.

In terms of finance, according to the simulated consolidated financial data (unaudited) of the underlying assets prepared by the counterparty in accordance with the International Accounting Standards, the operating income of the underlying company in fiscal years 2019/2020, 2020/2021 and the first quarter of 2021/2022 was 24,375.55 The net profit was -25,979,200, 2,383,100 and -379,400 euros, respectively.

After the transaction is completed, Inventel will obtain the R&D platform, sales network, customer resources, etc. of the underlying assets. The injection of the underlying assets will further optimize the asset quality of listed companies, improve profitability, and bring new growth points for listed companies.

Inventel said that the company will use the market channels of Osram's Digital Systems Division, which focuses on lighting components, to cover the company's main products with end-customer channels in the European region. At the same time, it will further improve the company's global layout in production, sales, R&D and other functions, which has important strategic and economic significance for the company's global business development.