Haoyang shares plan to acquire stage lighting company SGM Light for 3 million euros

On September 2, Haoyang Shares issued an announcement announcing that it planned to acquire the operating assets owned by the Danish company SGM Light A/S for 3 million euros (approximately RMB 23.568 million), and planned to establish a wholly-owned subsidiary SGM Lighting A/P in Denmark.

Information shows that SGM Light A/S was founded in 1975. It is a professional lighting enterprise integrating R&D, creativity, manufacturing and sales of architectural art lighting products and stage performing arts lighting products. It was the first in the industry to launch all-weather waterproof moving head lights, and has unique patented technology covering architectural art lighting and stage performing arts lighting.

SGM Light A/S's products are well-known in the industry for their low maintenance costs, unique appearance designs and consistent performance. Their products have been widely used in many well-known architectural art lighting and stage performance projects around the world, including the art lighting project of the LV headquarters in Paris, France, the lighting project of Universal Studios in Orlando, the Singapore Sky Tree lighting project, the Rolling Stone concert, the Justin Bieber concert project, etc.

Haoyang Co., Ltd. is a well-known stage lighting company in China. The company's main products include LED stage entertainment lighting equipment, architectural lighting equipment, trusses, etc. In January this year, Haoyang's performing arts lighting manufacturing base with a total investment of 600 million yuan was officially put into operation. Putting into production has guaranteed the company's lighting production capacity improvement and business development.

In terms of performance, in the first half of 2024, due to factors such as the complex international situation and insufficient market demand, Haoyang Co., Ltd. achieved operating income of 669 million yuan, a year-on-year decrease of 5.68%; net profit attributable to the parent company was 203 million yuan, a year-on-year decrease of 9.10%.

Regarding this investment, Haoyang shares stated that the purchase of SGM's assets is highly complementary to the company's existing business, and will help enrich the company's architectural art lighting products and stage performing arts lighting equipment product categories, broaden its brand and channels, and enhance the company's comprehensive strength and market competitiveness.

The establishment of the wholly-owned subsidiary SGM Lighting A/P is to facilitate the acquisition of the assets of the Danish SGM Light company by Haoyang Shares and the business integration after the acquisition is completed, further improve the company's business layout, enhance the company's product brand matrix, serve international customers, meet the diversified needs of the market, and increase the company's global market share.