TCL Technology's application for a private placement of no more than 12 billion yuan has been accepted by the China Securities Regulatory Commission

On July 10, TCL Technology issued an announcement stating that the company received the "China Securities Regulatory Commission Administrative License Application Acceptance Form" (Acceptance Serial Number: 211781) issued by the China Securities Regulatory Commission on July 9. The China Securities Regulatory Commission reviewed the application materials submitted by the company for the non-public issuance of A shares in 2021 in accordance with the law, and believed that the application materials were complete, and decided to accept the administrative license application.

At the same time, the company's private placement of A-shares still needs to be approved by the China Securities Regulatory Commission, and the company is actively promoting related work.

In April this year, TCL Technology released a plan for the private placement of A-shares in 2021, showing that it plans to issue 2.8062 million shares, with a total amount of funds raised not exceeding 12 billion yuan. After deducting issuance costs, the funds will be used for the "8.6th generation oxide semiconductor new display device production line project" and to supplement working capital.

Since its establishment in 2009, TCL Huaxing has built and successfully operated the two largest G8.5 LCD panel production lines, t1 and t2, the two world's highest-generation G11 production lines, t6 and t7, and the two G6 production lines, t3 LTPS and t4 AMOLED, through more than ten years of development. It also seized the opportunity of industry reshuffle and acquired and integrated the former Suzhou Samsung (Suzhou Huaxing Optoelectronics Technology Co., Ltd.) G8.5 production line (t10), accumulating rich industrialization experience.

Through long-term technology investment and accumulation, product innovation and iteration, market and customer expansion, TCL Huaxing has established a good market and customer base in the semiconductor display industry. Its current TV panel market share ranks second in the world, its 55-inch product share ranks first in the world, its 32-inch product share ranks second in the world, and its 65-inch and 75-inch product share ranks second in the world. In the commercial display field, its interactive whiteboard shipments rank first in the world, and its market share in rail transit, e-sports and other products has increased rapidly.

TCL Technology said that TCL Huaxing's products currently cover high-end display application fields such as TV, mobile phones, electronic whiteboards, splicing walls, cars, and e-sports. Among them, the large-size business maintains the world's leading efficiency and benefits, its scale advantage continues to expand, and its market position is further enhanced; the small-size business focuses on technological innovation, enhances product competitiveness, and develops rapidly in the high-end market segments; the medium-size business, as an important part of the company's strategic business, is constantly optimizing its product and customer structure to meet the rapid development needs of various display terminals brought about by technological waves such as 5G and artificial intelligence.

The 8.6th generation oxide semiconductor new display device production line project mainly produces and sells medium-sized high-value-added IT display screens (including monitors, notebooks, tablets), in-vehicle displays, medical, industrial control, aviation and other professional displays, commercial display panels, etc. Through the construction of the project with the funds raised this time, TCL Huaxing will accelerate the expansion of e-sports display, high-end laptops, tablets, in-vehicle and commercial display businesses, enrich the product portfolio, optimize the revenue structure, and promote the sustainable high-quality growth of the enterprise, which is conducive to enhancing the company's overall competitiveness and in line with the company's long-term development strategy.