On December 18, Visionox made an announcement stating that, in a bid to expedite the development of the 8.6th generation AMOLED production line project at Hefei Guoxian, the company intends to enter into the 'Second Investment Cooperation Agreement for the Hefei 8.6th Generation Flexible Active Matrix Organic Light-Emitting Diode (AMOLED) Production Line Project' alongside Hefei Jianxiang and Hefei Xincheng. This move will mark the commencement of capital injection for Phase II. The total capital required for Phase II stands at RMB 9.443 billion, with Hefei Jianxiang and Hefei Xincheng each contributing RMB 2.7625 billion, thereby securing a 31.13% stake each. Meanwhile, Visionox will inject RMB 3.918 billion, holding a 37.73% stake. Upon the completion of the capital injection for Phase II, the registered capital of Hefei Guoxian will surge to RMB 11.443 billion. It's important to note that this capital increase will not be reflected in the company's consolidated financial statements.
