Shenzhen Tianma's second phase of 1 billion yuan private placement fundraising has been completed, with a term of 3 years

On March 14, Shenzhen Tianma issued an announcement stating that the public issuance of corporate bonds not exceeding RMB 10 billion has been registered and approved by the China Securities Regulatory Commission with the Securities Regulatory License No. [2021] 3523.

According to the "Announcement on the Public Issuance of Corporate Bonds (Second Phase) by Tianma Microelectronics Co., Ltd. to Professional Investors in 2022", Tianma Microelectronics Co., Ltd. will publicly issue corporate bonds (Second Phase) to professional investors in 2022 (the abbreviation of Variety One Bond: 22 Tianma 02, bond code: 149835; the abbreviation of Variety Two Bond: 22 Tianma 03, bond code: 149836; hereinafter referred to as "this bond") with an issuance scale of no more than RMB 1.5 billion (including RMB 1.5 billion), with a term of 3 years for Variety One and a term of 5 years for Variety Two. The issue price is RMB 100 per bond, and the method of inquiry and allocation to professional investors is adopted offline.

The issuance of this bond was completed on March 11, 2022. The final issuance scale of "22 Tianma 02" was 1 billion yuan, and the face interest rate was 3.35%; the issuance of "22 Tianma 03" was cancelled.

According to the data, Shenzhen Tianma's subdivided industry field is the production and manufacturing of display screens and display modules, and its main products are small and medium-sized display screens and related display modules. In recent years, thanks to the increasing demand for consumer electronic products, the scale of the industry has continued to expand. With the continuous development of the global industry, new technologies in the industry continue to emerge, high-generation lines continue to improve, and product performance has been improved. At the same time, the new crown epidemic has also accelerated the global digitalization process. These trends have led to the further popularization of consumer electronic products such as smartphones and smart wearables. The automotive industry continues to evolve in the new four aspects of "electrification, intelligence, networking, and sharing". The penetration rate of IT products such as laptops and tablets continues to increase. At the same time, it has promoted the continuous growth of emerging markets dominated by smart homes, smart medical care, smart manufacturing, electric vehicles, etc., driving new demand and driving the vigorous development of the industry and related industries.

In recent years, with the development of flat panel display technology, the current market presents a coexistence of multiple technologies such as a-Si, LTPS, and AMOLED. With advantages such as a mature supply chain system and high cost performance, a-Si technology will dominate the low-end market; LTPS will remain relatively stable in mid-range smartphones with advantages such as a mature supply chain system and high performance, and is penetrating into application markets such as laptops, tablets, car displays, and medical displays; AMOLED, with advantages such as more power saving and multiple forms, is rapidly increasing its penetration rate in smartphones, smart wearables, and car displays. In particular, since the new round of rapid growth in global display demand that began in the second half of 2020, the global display industry is also undergoing rapid integration and adjustment, such as mergers and acquisitions, expansions, investment in new production lines, and investment in new technologies. The global display industry will enter a new stage.

As a leading company in the field of small and medium-sized displays, Shenzhen Tianma has accurately grasped the timing of the industry's mainstream technology switch and completed the industry layout at a domestically leading speed. Among them, Xiamen Tianma's 5.5th and 6th generation LTPS production lines continue to maintain full production and sales, and the shipment volume of consumer LTPS-LCD is in the leading position in the industry; in addition, through the early layout of LCD full-screen products, the shipment volume of LTPS smartphone panels has remained the world's first for more than three years; Tianma's organic light-emitting AMOLED production line smart wearable products have jumped into the top three in the world, and Wuhan Tianma's 6th generation LTPSAMOLED production line flexible production capacity is also being steadily released.

With the increase of Shenzhen Tianma's customer share in the mid-to-high-end market, it has established a strategic supply relationship with many major domestic and foreign brand customers. In the future, Shenzhen Tianma will actively deploy forward-looking new products and technologies based on a comprehensive and in-depth research and analysis of the industry's competitive landscape, and consolidate its leading position in the industry with customer-oriented, high-quality product quality.