Shulou(Shulou.com)11/24 Report--

Thank you CTOnews.com netizen Mr. Aviation for the clue delivery! CTOnews.com November 27 news, Weixinnuo announcement shows that the company and Hefei Dongxin and Hefei Xincheng agreed to cooperate to invest in the construction of the 6th generation flexible active matrix organic light-emitting device (AMOLED) module production line project, and agreed to take the company's wholly-owned subsidiary "Hefei Weixinnuo Electronics Co., Ltd." established in Hefei as the investment, construction and operation platform of the production line project.

CTOnews.com learned that Visionox said that the total investment of the project is RMB 11 billion yuan, of which the registered capital of the project company is RMB 5.5 billion yuan, Hefei Dongxin contributes RMB 2.5 billion yuan (equity ratio 45.4545%), Hefei Xincheng contributes RMB 500 million yuan (equity ratio 9.0910%), the company contributes RMB 2.5 billion yuan (equity ratio 45.4545%), and the company gives up part of the preferential subscription rights.

The announcement pointed out that Hefei Weixinnuo Electronics Co., Ltd. was established for a short time and has not yet carried out its main business. As of October 31,2022, its total assets were 87.7608 million yuan, total liabilities were 90.517 million yuan, net assets were 2.7561 million yuan, operating income was 3.0944 million yuan and net profit was-2.7561 million yuan.

In addition, Visionox said that under the mutual promotion of market demand and technology development, the company grasps the development opportunity of continuous updating and upgrading of flexible display technology, actively expands flexible AMOLED field in the industrial growth period, and actively arranges the construction of flexible module line in combination with the capacity release of the company's screen line and the increasing market expansion demand of multi-terminal field.

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