Hisense Video increased its stake in Qianzhao Optoelectronics by RMB 70 million, bringing its shareholding ratio to 25%

On October 14, Qianzhao Optoelectronics issued an indicative announcement on changes in shareholders' equity. Qianzhao Optoelectronics recently received the "Detailed Equity Change Report of Xiamen Qianzhao Optoelectronics Co., Ltd." issued by Hisense Vision Technology Co., Ltd. (hereinafter referred to as "Hisense Video").

The report shows that Hisense Video increased its holdings of 8,615,400 shares of Qianzhao Optoelectronics Company through centralized bidding on the Shenzhen Stock Exchange trading system on October 14, 2024, accounting for the company’s total shares. 0.94% of the company's capital stock (919,900,633 shares), and currently holds a total of 229,975,082 shares of the company, accounting for 25.00% of the company's total capital stock (919,900,633 shares).

Before this equity change, according to the "2024 Third Quarter Report" released by Qianzhao Optoelectronics on October 12, 2024, the information disclosed that Hisense Video held 221,359,682 RMB ordinary shares of Qianzhao Optoelectronics, accounting for 24.06% of the total share capital of Qianzhao Optoelectronics (919,900,633 shares) at that time.

The announcement documents show that Hisense Video’s increase in holdings is based on its recognition of the future development prospects of Qianzhao Optoelectronics and giving full play to strategic synergies. Therefore, Hisense Video further increases its stake in the company and does not rule out continuing to increase its holdings of Qianzhao Optoelectronics in the next 12 months.Possibility of shares.

According to information disclosure, Hisense Video’s equity change involved a total capital of 70.7011 million yuan, and all the funds required came from its own funds.

Data shows that Hisense Vision is continuously optimizing the "1+ (4+N)" industrial layout of efficient collaboration. “1” refers to the smart display terminal business that is in a new stage of structural upgrade; “4+N” refers to new display and new businesses that are in a high-quality development stage; “4” refers to the four cores of laser display, commercial display, cloud services, and chips; “N” refers to new displays with broad room for expansion (such as virtual reality displays, vehicle-mounted displays, etc.) and other related businesses.

Qianzhao Optoelectronics is mainly engaged in the research and development, production and sales of semiconductor optoelectronic products. The products include full-color chips from ultraviolet to infrared, gallium arsenide solar cell epitaxial wafers, Mini/Micro LED, VCSEL, etc. The products are used in ultraviolet sterilization, backlight, display screen, general lighting, digital display and other fields.