China's leading small and medium size display module supplier TCL Display Technology Holdings Limited ("TCL Display" or "Group"; Hong Kong Stock Exchange stock code: 334) announced that TCL Huizhou as an indirect wholly-owned subsidiary of the group in 2016 The Group entered into a joint venture agreement with Wuhan Huaxing Optoelectronics on October 24, and the parties agreed to inject a total of RMB499,000,000 to increase the registered capital of the joint venture to RMB500,000,000. After the joint venture is approved by the relevant Chinese authorities, TCL Huizhou and Wuhan Huaxing Optoelectronics will own 70% and 30% of the joint venture respectively. The business scope of the joint venture will be the development, production and sale of LTPS LCD modules and related accessories for mobile phones and tablets, as well as import and export of technology and products.
The Group and Wuhan Huaxing Optoelectronics form a joint venture, which symbolizes its close cooperation with upstream panel companies and helps the Group to continue to expand its customer base. In view of this, the Board of Directors proposes to rename the group “China Display Optoelectronics Technology Holdings Limited†and Adopt the new Chinese name “Hua Xian Optoelectronic Technology Holdings Co., Ltd.â€. The new name will highlight the advantages that the joint venture brings to the group and the new corporate image to attract more potential customers in the market. The name change proposal is subject to approval at the extraordinary general meeting to be held.
Mr. Li Jian, CEO of TCL, said: "In recent years, the demand for high-end smart terminal products is increasing, and the demand for high-end LTPS LCD modules is rising. The price of high-end LTPS LCD modules is generally higher than other LCD module products. To be high, we believe that the joint venture agreement can create a golden opportunity to cooperate with Wuhan Huaxing Optoelectronics in the production of LTPS LCD panel resources and expertise, so that the Group can better grasp the high-end market potential, stimulate business growth, and expand the Group's market share in the industry. Companies and shareholders create greater profits and value."
For the proposed group to change the company name, Mr. Li added: "As the original design manufacturer of the LCD module, the new company name will be able to establish a new corporate image for the group and more accurately reflect the nature of its business. In addition, the new name can also be highlighted. The advantages that the joint venture brings to the group bring more business opportunities to the group."
Specific features of Grille Curtain LED Display
What is grille curtain LED Display Screen? grille curtain LED Display screen is made up of several pieces single led strip. It is a LED screen which looks like a grille and now become more and more popular among the LED industry. It can be called like strip Led screen. Since it shows us a hollowed-out , meshy visual effect, so LED display experts also call it mesh LED screen. This type of outdoor led screen mainly apply for wall of outdoor, glass wall, top of buildings, Column ads and led Curtain and so on.
Cross-time design of grille curtain LED breaks the limitation of traditional LED display for buildings and walls, makes the assembly project easier and selective. Maybe that is the reason why it can be used widely among all the field. Now let`s CATA editor introduce some technical advantage and how it makes the led screen project easier.
Grille curtain LED Screen technical featureⶠLight weight and anti-wind
Grille curtain LED Screen technical featureâ· High energy efficiency and low consumption
Grille curtain LED Screen technical feature⸠High integrate design
Grille curtain LED Screen technical featureâ¹ IP67 protection level
Grille curtain LED Screen technical feature⺠easy assembly and maintenance
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