For 192 million yuan, Shentianma’s wholly-owned subsidiary sold 64 pieces of equipment

On April 29, Shenzhen Tianma issued an announcement stating that in order to optimize the company's resource allocation, enhance asset liquidity, and improve the company's overall efficiency, the company's wholly-owned subsidiary Xiamen Tianma Microelectronics Co., Ltd. sold 64 units/set of equipment through public listing through the Shanghai United Assets and Equity Exchange on March 24, 2026, with a listing price of 192.0041 million yuan.

According to the official disclosure information of the transferred assets issued by Shanghai United Equity Exchange, until the end of the listing deadline, a total of 1 intended purchaser was recruited, which is Tianma New Display Technology Research Institute (Xiamen) Co., Ltd.

Since Tianma Research Institute is an associated company of the company, and some directors and senior managers of the company serve as its directors, they are related parties of the company, and this transaction constitutes a related transaction of the company.

Tianma Research Institute was established on July 15, 2022, to build a full-process Micro-LED production line from mass transfer to display modules. It will achieve product lighting in June 2024, achieve full-process integration in December 2024, and achieve product delivery in key downstream application fields such as PID and automotive. It will continue to deepen cooperation with the industry chain, continuously optimize technology and processes, and actively expand the application market.

Xiamen Tianma Microelectronics Co., Ltd. was established in March 2011 with a registered capital of 8.8 billion yuan, a total investment of 19 billion yuan, and a total area of approximately 580,000 square meters. Xiamen Tianma products are used in consumer displays and modules for high-end mobile terminals such as smartphones and tablet computers. The company owns mainland China's first 5.5th generation and the first domestically lit 6th generation low-temperature polysilicon thin film transistor liquid crystal display device (LTPS TFT-LCD) and color filter film (CF) production lines.

Shenzhen Tianma said that this transaction will help optimize the company's resource allocation, enhance asset liquidity, and improve the company's overall efficiency. This transaction was publicly listed on the Shanghai United Equity Exchange and followed market-oriented principles. It will not harm the interests of the company and all shareholders, especially small and medium-sized shareholders, and will not have a significant impact on the company's financial status, operating results and independence.