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

CTOnews.com January 31 news, Hisense Vision, a listed company of Hisense Group, announced today that as of January 31, 2023, the company had gained control and become the controlling shareholder of dry photo optoelectronics.

According to the announcement, as of January 31, 2023, Hisense Video had invested 1.605 billion yuan in Xanzhao Optoelectronics and held 206768632 RMB common shares, accounting for 22.88% of the total share capital of Qianzhao Optoelectronics.

CTOnews.com learned that Hisense Video said in the announcement that in order to further strengthen the company's strategic layout in the display industry chain, speed up the research and development and product promotion of new technologies such as Mini LED and Micro LED, establish resource advantages in the market and supply chain in the future, and consolidate the company's leading position in the display industry, Hisense Video acquired the control of dry Photo Optoelectronics through foreign investment and became the controlling shareholder of Qianzhao Optoelectronics. The investment of Hisense Video and the acquisition of its control does not constitute a related party transaction, nor does it constitute a major asset restructuring as stipulated in the measures for the Administration of Major Asset reorganization of listed companies.

In addition, Qianzhao Optoelectronics simultaneously issued a notice saying that the company had changed from a non-controlling shareholder to a controlling shareholder, Hisense Video. The determination of Hisense as the controlling shareholder of Qianzhao Optoelectronics does not violate the identification of "controlling shareholder" in the Company Law of the people's Republic of China, the measures for the Administration of acquisition of listed companies and the rules governing the listing of stocks on the growth Enterprise Market of Shenzhen Stock Exchange.

Data show that Xizhao Optoelectronics is mainly engaged in the research and development, production and sales of semiconductor optoelectronic products, the main products are full-color LED epitaxial wafers and chips and gallium arsenide solar cell epitaxial wafers and chips, which are enterprises in the upper reaches of the LED industry chain.

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