A total of 1 billion 150 million yuan! BOE large OLED project in Yunnan

Yesterday (22) evening, BOE announcement, eighth session of the sixteenth meeting of the board of directors through matters relating to investment in OLED micro display device production line project.

According to the announcement, in recent years, with the increase of real / Virtual Reality Technology (hereinafter referred to as "AR/VR") market continues to expand, the organic light emitting diode (OLED) micro display technology (Micro-OLED) products with self luminescence, thin thickness, light weight and other excellent characteristics, highlights the growing business opportunities in the AR/ VR field. In order to meet the huge market demand, accelerate the strategic layout in the micro display field, BOE Technology Group Limited by Share Ltd (hereinafter referred to as the "company") and intends to Yunnan North Oled photoelectric Polytron Technologies Inc (hereinafter referred to as the "Austrian red"), Gaoping science and Technology (Shenzhen) Co., Ltd. (hereinafter referred to as "Gaoping technology"), the Refco Group Ltd industry development in Yunnan province in Central Yunnan (hereinafter referred to as the "Yunnan development") cooperation, jointly invested 1 billion 150 million yuan in Yunnan city of Kunming province the construction of China's first large-scale OLED micro display production line project, engaged in OLED micro display devices in the production, sales and research and development.

It is understood that the project name is OLED micro display production line project (hereinafter referred to as the "project") is a item company, Kunming BOE Display Technology Co. Ltd. (with the approval of Commerce and industry, hereinafter referred to as item company), the construction site in Kunming city of Yunnan in the new airport economic and Technological Development Zone, the project covers an area of 146.46 acres (accurate area to the red line of the project plan), the main products are: 0.5 inches 800 x 600, 800 x 0.41 inches, 0.80 inches 480 1920 x 1200, 1920 x 0.5 inch 1080OLED micro display device, the total capacity of 1 million / year.

In addition, the total investment of 1 billion 150 million yuan. The item company registered capital of 1 billion yuan, the company invested 670 million yuan in cash; Oled with its OLED micro display related intangible assets invested 200 million yuan; development of Yunnan to cash invested 95 million yuan; Gaoping science and technology invested 35 million yuan in cash. The difference of project total investment and registered capital of the item company, through bank loans etc..

It is reported that Oled is the only one to master OLED micro display device with key technology and batch production of multi specifications OLED micro display capabilities of the enterprise, has overcome the key technology of the whole structure design "etc, formed more than 10 patents, through the" ISO9001 "quality management system certification, and has completed the annual production 450 thousand pieces of advanced production line micro display device. Oled's business scope includes: design, manufacture and sales of OLED display and related products; design and manufacture and sales of OLED equipment; the design and sales of electronic products; domestic trade, material supply and marketing of goods and technology import and export.

Gaoping science and technology for the United States Kopin Corporation Inc (hereinafter referred to as "Kopin") a wholly owned subsidiary. Kopin is a reality, speech enhancement and wearable electronic terminal product solutions provider, founded in 1984 by Massachusetts Institute of Technology, including micro display, optical technology products, speech enhancement technology, products are mainly used in the field of military, industrial and civilian consumer electronic head mounted computer system. Gaoping science and technology business including: technology development of electronic products, electronic components, computer software and hardware, intelligent equipment sales; self-developed technology.

The development of the business scope includes: investment and the investment of project management; city infrastructure construction; real estate development; land development; domestic and international trade.

For the project investment, the BOE said that at present the global consumer electronics market for OLED micro display device based on the increasing market demand, make full use of the company's customer resources, capital operation ability and the display areas of large-scale industrialization, relying on the Olympic Reid in OLED micro key technology and core patent display field, absorb Gaoping science and technology commercialization capability in display, speech enhancement and wearable electronic terminal products, the introduction of strengthening cooperation with local capital development in Yunnan, the Quartet jointly set up a new joint venture company, give full play to the advantages of resources, to further expand the technology layout in the field of OLED, accelerate the formation of OLED micro display industrialization ability that is conducive to enhance the company's advanced production technology innovation ability, protect the company's competitive advantage in emerging markets, expand the scale of benefits Enhance the overall profitability.

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