AU Optronics integrates energy business

On April 13, AU Optronics announced that the company’s board of directors approved the reorganization plan for the energy business-related organization and investment structure, integrating the group’s internal and external energy-related resources, and through the corporatization of the energy business, a more professional and focused platform will undertake operations to further enhance operational efficiency and market competitiveness.

The resolution passed by AUO's board of directors this time includes:

AUO plans to split its energy business into Dayao Energy Technology Co., Ltd., in which AUO holds 100% equity. The expected base date for the split is August 1, 2026.

After the aforementioned split is completed, AUO plans to dispose of the equity of Dayao Energy and related reinvestment businesses to Shining Energy Investment Holdings Co., Ltd. The transaction targets include Dayao Energy, AUO Power, Zhengyao, Fengyao, AEUS (AUO Green Energy America Corp.) and Mega Solar's entire equity; Dayao Energy's estimated disposal amount is NT$780 million (approximately RMB 168 million); the total disposal amount for other transactions is not less than NT$80 million (approximately RMB 17.152 million).

Galaxy Energy, a subsidiary of AUO, plans to dispose of its equity interests in Senjin Power and Yongjin Power to Shining Star 2 Energy Co., Ltd.; the estimated disposal amount is NT$1.034 billion (approximately RMB 222 million).

It is worth noting that the implementation of the aforementioned first and second cases concerning the division and disposal of the energy business requires the approval of the AUO shareholders' meeting.

AUO pointed out that the company has long been deeply involved in the energy field, covering solar power plant investment, energy management and related services. As the energy transformation enters a new stage of scale, capitalization, and integration, AUO will promote the corporatization of the energy business through this adjustment, allowing it to operate with an independent structure, focusing on operations and performance display, and further improving the benefits of one-stop integration.

The adjusted corporate operation model of the energy business has a high degree of capital flexibility. It will focus on growth and operational synergies as its core strategies to drive the continued growth and expansion of the energy business. It is committed to becoming a market leader in the energy industry, responding to the market's long-term demand for net-zero emissions and green electricity, and creating sustainable energy value for customers and investors.

At the same time, Dayao Energy will take over all the business and contractual relationships of the original AUO Energy business. Existing customer services, supply arrangements and cooperation rights will not be affected, including the original overseas cooperation projects. It will also ensure the stable connection of cross-border projects and uninterrupted services.

Adhering to the original intention of "green technology drives sustainability", AUO's technological foundation, industrial experience and integration capabilities accumulated over many years of intensive work in the energy field will continue to exert its influence after this structural adjustment. Through closer collaboration and ecosystem connections between related companies, AUO is able to extend its breadth of participation and value contribution in energy transformation-related fields based on its existing layout.

In the future, AUO, as a green ecosystem partner of Shining Investment Holdings, will continue to combine the group's resources and cross-domain capabilities, work together to strengthen green solution services, work with partners to promote the long-term development of the energy industry, and expand the overall benefits of sustainable value.