According to the announcement made by Sanan Optoelectronics at the time, this acquisition can enrich the company's product line in car lights and special application packaging modules, and help the company accelerate the increase in the proportion of mid to high end LED products. On the other hand, this acquisition can enhance the flexibility in new product design, which is of great significance for the company's future development and progress, product design flexibility, and exploration of international markets.
The target company has mature production bases and teams in Singapore and Malaysia. After this acquisition, the company can quickly obtain high-quality overseas production bases to ensure future supply to overseas customers, which is of great significance for the company's internationalization strategy development and expansion of overseas revenue and performance volume.
Through this acquisition, relying on the mature channel network and customer service system built by the target company in overseas markets, the company can quickly integrate into the international high-end supply chain system, obtain high-quality customer resources of the target, shorten the international customer development cycle, and have important significance for enhancing the company's international brand strength and quickly introducing into the international supply chain system. The target company and its product structure are different. Through the brand effect of the target company, the company's products can fill the gap in the target company's original product market and form business growth.

The company has a high degree of overlap with the target's supply chain system, and the merger can effectively improve the bargaining power and management efficiency of the supply chain, and can effectively achieve cost control. After this transaction, the company will have strong synergies with the target company in terms of customers and channels, and have an advantage in international competition. It can fully tap into potential markets and customers, and the target company is expected to further increase its revenue scale and drive business demand.
Although the acquisition is highly anticipated, Sanan Optoelectronics has already mentioned in the announcement that the transaction still needs to obtain approval from relevant domestic and foreign regulatory authorities before it can be implemented, and there is uncertainty about whether it can be smoothly implemented.
According to the latest announcement from Sanan Optoelectronics on the evening of April 17th, the company and related parties have submitted approval applications to relevant government departments such as the Committee on Foreign Investment in the United States (CFIUS) for this transaction after signing the Share Purchase Agreement and related documents. Despite multiple rounds of communication with CFIUS, CFIUS still believes that this transaction will pose an irreconcilable national security risk to the United States and requires all parties to withdraw their CFIUS declarations and abandon the transaction.
In view of this, the parties to the transaction voluntarily abandoned the transaction by submitting a letter of withdrawal of CFIUS declaration to CFIUS on April 17, 2026 China time. The company and overseas investors will soon jointly complete the application withdrawal procedures with approval agencies in other countries, and will immediately proceed with the relevant work of terminating the acquisition of 100% equity of Lumileds Holding B.V.
Sanan Optoelectronics stated that the termination of the acquisition of the target company's equity will not affect the company's normal production and operation, and will not have a substantial adverse impact on the company's financial condition and ability to continue operating. The company will continue to firmly promote its internationalization strategy and continuously enhance its competitiveness in the mid to high end LED field and the global market.