HC SemiTek has officially declared its intention to enter into an investment accord with the Administrative Committee of the Zhangjiagang Economic and Technological Development Zone. This strategic move involves a substantial investment of around 970 million yuan aimed at the construction of a state-of-the-art 'New High-End Display Project.' Simultaneously, HC SemiTek is set to collaborate with Yuefeng Science and Technology Innovation in establishing a joint venture entity, Suzhou BOE Jingxin Technology Co., Ltd. The joint venture will boast a registered capital of 700 million yuan, with HC SemiTek contributing a significant 490 million yuan, thereby securing a 70% ownership stake. Conversely, Yuefeng Science and Technology Innovation will inject 210 million yuan, holding a 30% stake in the venture. It is noteworthy that this investment endeavor does not encompass any related-party transactions or entail major asset restructuring activities.