TCL CSOT establishes new company in Zhejiang

Qichacha APP shows that on April 15, Zhejiang Xingyong Electronics Co., Ltd. was established with a registered capital of 20 million yuan. Its business scope includes: mobile terminal equipment manufacturing; mobile terminal equipment sales; electronic (gas) physical equipment and other electronic equipment manufacturing, etc.

Qichacha’s equity penetration shows that the company’s shareholders are TCL China Star Optoelectronics Technology Co., Ltd. (holding 70% of the shares), Zhejiang Dongfang Kemai Electronics Co., Ltd. (holding 20% ​​of the shares) and Shenzhen Zhihe Development Technology Co., Ltd. (holding 10% of the shares).

Previous reports showed that in March this year, the electronic paper machine project jointly owned by the three companies mentioned above was launched in Zhejiang.

According to Gu Delong, general manager of TCL Huaxing Suzhou Base, the project will focus on the core directions of R&D, production and sales of electronic paper machines, integrate the superior resources of the three parties, and enhance product added value and market response speed through complementary advantages. It will not only give back support to local governments, but also promote the high-quality development of the electronic paper industry.

Zhou Aijun, general manager of DKE, said that the completion of the electronic paper machine joint venture project will further open up key links in the industrial chain, accelerate the large-scale and standardized application of electronic paper in multiple scenarios, and help the industry achieve a comprehensive leap from technological breakthroughs to scenario ecology.

With the establishment of Zhejiang Xingyong Electronics Co., Ltd., it marks a substantial step forward for TCL CSOT and its partners in the field of electronic paper. Through the deep integration of capital and technology, the three parties are expected to accelerate the development of the electronic paper industry.

It is worth mentioning that Dongfang Kemai, one of the shareholders of the joint venture, submitted a listing application to the Main Board of the Hong Kong Stock Exchange for the first time in September 2025, and then submitted a listing application to the Main Board of the Hong Kong Stock Exchange again on April 16.

It is understood that the funds raised from this IPO will be mainly used to improve the production capacity layout and intelligent upgrade of the production base to further enhance production efficiency and scale effect. In addition, funds will also be invested in research and development innovation to enrich the full-color and flexible product matrix.