On September 24, Hua-ying Technology (000536) announced that the total amount of non-public fund-raising will not exceed 280,000 yuan (including), after the issuance of expenses will be used to invest in metal oxide thin film transistor LIQUID crystal display device (IGZO TFT-LCD) production line expansion and OLED experimental line mass production projects.
The project plans to invest 2030.56 million yuan to purchase some key process equipment on the basis of the original LCD panel production line, expand production capacity, and adjust the product mix to make the products more miniaturized and diversified. At the same time, it also includes mass production of OLED from the experimental line.
The project is implemented by huajiacai, a subsidiary company, and the construction site is located in Hanjiang District, Putian City, Fujian Province. It is planned to increase the production capacity of HUAjiacai LCD panel production line from 30,000 large panels/month to 40,000 large panels/month, and transform the OLED experimental line into a production line to expand the PRODUCTION capacity of OLED.
With the rapid development and popularity of touch-screen electronic display products such as smartphones and tablets, the market for small and medium-sized flat panel display devices is in strong demand, huaying said. On the basis of full investigation and demonstration, huajiacai, a subsidiary of the company, invested 12 billion yuan to build the 6th generation tfT-LCD production line and OLED experimental line project in Hanjiang District, Putian City, mainly producing SMALL and medium size display panels mainly based on TFT-LCD. As of June 2018, Huajiacai has achieved a design capacity of 30,000 LCD panels per month.
Huaying technology said that the increase in production capacity will help the company further meet customer demand, improve the efficiency of the use of the company's assets, form a scale effect, effectively reduce the company's unit production cost, and improve the company's profitability.
Announcement shows that if the net to raise money less than the above project to raise funds will allocate the forehead, CPT technology will according to actual net to raise funds, according to the project situation, adjust and eventually decided to raise funds for specific projects, priorities, and for various purposes specific investment, raise funds shortage part to solve with self-raised funds by the company. If Huaying Technology uses its self-raised funds to advance investment projects of the raised funds in accordance with the company's operating conditions and business plans prior to the issuance of the raised funds, the part of advance investment will be replaced with the raised funds after the issuance of the raised funds.
Within the scope of the above raised funds investment projects, the board of Directors of the Company may properly adjust the amount of the raised funds invested in the above projects according to the actual needs of the projects and the procedures prescribed by relevant laws and regulations.
