Pacific conceal Nanda photoelectric decline in performance by the Commission warning

Pacific announced on January 4 that concealing Nanda photoelectric performance decline, received a letter of warning by the SFC, and the rectification report should be submitted by January 30.

The Pacific received on January 2 SFC decision taken to issue a warning letter measures Pacific Securities Co., Ltd.. The decision shows that the Pacific Ocean in the Sponsor Nanda photoelectric initial public offering of shares in the course of the project of the GEM Listing is not honest and trustworthy, diligence duties.

Disclosure of net profit fell about 20% in the South photoelectric "for the first time on July 26, 2012 public offering and listing on the GEM issue announcement" disclosed in the announcement of the first day of listing risk warning, on August 7, 2012 "to achieve the net profit attributable to shareholders of the issuer than the same period last year dropped 27.71 percent," preliminary estimates, the company's net profit fell about 40 percent in the January-September 2012 (the actual decline of 52.42%). Pacific and South photoelectric July 18 Nanda the optoelectronic will after significant events of the commitment letter submitted to the SFC is not on the above matters truthfully explain the corresponding supplement nor in Nanda photoelectric IPO process in a timely manner.