Increased investment in MicroLED, Qingyi Optoelectronics’ 1.2 billion fixed increase was approved by the China Securities Regulatory Commission

On April 9, Shenzhen Qingyi Optoelectronics Co., Ltd. received the "Reply on the Registration of Shenzhen Qingyi Optoelectronics Co., Ltd.'s Issuance of Stocks to Specific Objects" approved by the China Securities Regulatory Commission. The effective date of registration is April 7, 2025.

The private placement plan raised funds of 1.2 billion yuan, which will be mainly used for two projects: one is the first phase of the high-precision mask production base construction project, and the other is the first phase of the high-end semiconductor mask production base construction project.

Among them, the first phase of the high-precision mask production base construction project will be implemented by the subsidiary Foshan Qingyi Optoelectronics. The total planned investment is 800 million yuan, and it is planned to use 600 million yuan of raised funds. This project mainly produces high-precision masks of generation 8.6 and below, which are widely used in flat panel display fields such as a-Si, LTPS, AMOLED, LTPO, and Micro LED.

Qingyi Optoelectronics focuses on the R&D, design, production and sales of masks. It provides a-Si, LTPS, AMOLED and Micro LED masks in the field of flat panel displays, and provides IC Foundry, IC Bumping and IC Substrate masks in the semiconductor field. Its service targets include power semiconductor, third-generation semiconductor and LED industries.

The company has established extensive cooperative relationships with major domestic flat panel display panel manufacturers such as BOE, Visionox, Huike Co., Ltd., Shentianma, China Star Optoelectronics, Truly, Longteng Optoelectronics, Innolux and Hannstar Color Crystal.

In terms of project progress, the "High-Precision Mask Production Base Construction Project" held a capping ceremony in January this year. In addition, Qingyi Optoelectronics also announced in December last year that it would increase its investment by 400 million yuan in Foshan Qingyi Optoelectronics through its own funds to support its production and operation needs and enhance its comprehensive competitiveness. After the capital increase is completed, Foshan Qingyi's registered capital will increase to RMB 600 million.