TCL Group Creates Semiconductor Display Industry Ecology with Huaxing Optoelectronics as the Core
- Jun 04, 2018 -

On June 1st, TCL Group Co., Ltd. (hereinafter referred to as "the company" or "the company") announced that the company's holding subsidiary TCL Multimedia Technology Holdings Co., Ltd. (hereinafter referred to as "TCL Multimedia", its shareholders have been in 2018 At the shareholders' meeting on May 23, 2008, it changed its name to TCL Electronics Holdings Co., Ltd., and is currently conducting related registration procedures) through its subsidiaries TCL Ace Electronics (Huizhou) Co., Ltd. (hereinafter referred to as "Huizhou Ace") and Shenzhen TCL New Technology Co., Ltd. (hereinafter referred to as "TCL New Technology") acquires the company, Ningbo Yuanheng Juyuan Investment Partnership Co., Ltd. (Limited Partnership), and Huizhou Guanlian Industrial Investment Co., Ltd. holds a total of TCL Business Information Technology (Huizhou) Co., Ltd. (The company's holding subsidiary, hereinafter referred to as "TCL commercial information") 100% of the shares, with a total price of approximately 793 million yuan.

According to the company's announced capital structure adjustment plan, the company will gradually split the consumer electronics terminal business to Hong Kong TCL Multimedia listed company platform, increase its business scale and profitability, and build an international TCL brand electronic terminal industry group. This reorganization is an important step in the implementation of the above plan. Subsequently, the company will gradually split its home appliance business into TCL Multimedia, and the TCL Group will become the capital market platform with Huaxing Semiconductor Display as its core business. In 2017, the company actually completed the wholly-owned holding of Shenzhen Huaxing Optoelectronics through the purchase of assets through the issuance of shares; at the same time, Huaxing Optoelectronics completed the acquisition of Hua Hin Optoelectronics of the small-to-medium size TFT-LCD/OLED display module business in June 2017. , With the company’s Guangdong Juhua, which is engaged in the research and development of key technologies for printing and flexible display, and Hua Ruiguang, which is engaged in the development of key materials for OLEDs with independent IP, they have jointly built a vertically integrated semiconductor display industry chain with Huaxing Optoelectronics and the following new-generation displays. Technology and materials are driving the semiconductor display industry ecosystem.

The re-targeted TCL commercial information is positioned as a provider of intelligent commercial information technology products and industry solutions. It has a leading position in smart hotels, information release and security monitoring. After TCL Multimedia acquires 100% of TCL's commercial information, TCL's commercial information will be changed from a controlling subsidiary of the company to a controlling subsidiary of TCL Multimedia.

TCL Commercial Information mainly provides commercial customers with one-stop services for software, content, integrated solutions and smart products. TCL Multimedia is mainly engaged in the production and sales of TV products and provides home users with value-added services for the Internet. Through this business integration, the two sides can fully realize the complementarity and synergy between the two sides in R&D and design, manufacturing and manufacturing, supply chain management, sales channels and brand promotion, and promote TCL multimedia based on the big screen operation ecosystem to realize the transition from home scenarios to homes. The integration and development of the pan-commercial scene business; and further feedback and promotion of the overall competitive advantage of the TCL Group's semiconductor display industry.