Xgimi Tech's Subsidiary Receives Development Designation Notice from Client

Stock News12-15

Xgimi Tech Co., Ltd. (688696.SH) announced that its wholly-owned subsidiary, Yibin Xgimi Optoelectronics Co., Ltd., recently received a development designation notice from a leading domestic automaker. Yibin Xgimi will serve as the supplier of in-car projection systems for one of the client's vehicle models.

This designation is expected to support the expansion and sustainable development of the company's smart cockpit display business, aligning with the interests of both the company and its shareholders.

The notice does not constitute a formal order or sales contract. While the project is not anticipated to significantly impact this year's financial performance, mass production of the designated products will allow revenue recognition based on actual order deliveries. The initiative is projected to positively influence the company's operational results over its lifecycle.

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