CH DISPLAY OPT Subsidiary to Acquire LCD Module Production Equipment for 33.27 Million Yuan

Stock News03-09

CH DISPLAY OPT (00334) announced that on March 9, 2026, Huaxian Optoelectronics Huizhou, an indirect wholly-owned subsidiary of the company, entered into an equipment transfer agreement with Wuhan China Star Optoelectronics. According to the agreement, Wuhan China Star Optoelectronics agreed to sell, and Huaxian Optoelectronics Huizhou agreed to purchase, a set of equipment for a consideration of RMB 33.268 million. The equipment consists of 117 units of apparatus and machinery used for producing LCD modules. The equipment was previously utilized by Wuhan China Star Optoelectronics for LCD module production and became idle after the termination of the related production line. On the other hand, the Group has been committed to enhancing its production capacity. Given that the equipment can be adapted to meet the Group's specific requirements, the Directors, including the independent non-executive directors, believe that the acquisition will enable the Group to increase its production capacity. This move will help the Group meet its growing product demand and allow it to handle increasing customer orders in a more cost-effective manner.

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