HONG KONG, CHINA – Media OutReach – 30 October 2018 – China Display Optoelectronics Technology Holdings Limited (“Ch
Display Opt” or the “Company”, together with its subsidiaries, the “Group”;
HKSE stock code: 334) is pleased to announce
that TCL Corporation increased its
stake in the Group by 1,000,000 and 1,496,000 shares through its subsidiary,
Shenzhen China Star Optoelectronics Technology Co., Ltd.* (?????????????,
“CSOT”), on 26 and 29 October, respectively, which indicated its full
confidence in the Group’s
development.
Following
the advent of the peak season for smartphone
sales that led to the recovery of display module
industry, in addition to the Group passing the qualification
requirements of a world-leading smartphone manufacturer in September 2018 to produce its module
products thereafter, the
Group recorded year-on-year increases of 57.3% and 19.0% in overall sales
volume for a single month in September and for the third quarter, respectively. At the same time, its revenue for the third
quarter alone reached a historical high of RMB1.29 billion, which showed a stronger growth
momentum than the overall market. The Group expects
to maintain the upward thrust in the fourth quarter.
The
Management of Ch Display
Opt said, “The
acquisitions of shares by TCL Corporation, the Group’s
ultimate controlling shareholder, fully demonstrated its confidence in the Group’s prospects. We are
committed to creating greater value for ourshareholders through
constant optimization of product structure and proactive enhancement of the synergistic advantage with
CSOT.”
About
China Display Optoelectronics
Technology (334.HK)
Headquartered in China, China Display
Optoelectronics Technology Holdings Limited (HKSE stock code: 334) is one of
the major providers of small-to-medium-sized display modules in the region. Ch
Display Opt engages primarily in the research and development, manufacturing,
sales and distribution of LCD modules mainly for handheld mobile devices on an
ODM basis. Smartphone LCD module products of Ch Display Opt are welcomed by
domestic and overseas manufacturers with sales volume ranking among the top.
For more
information, please visit its website at www.cdoth8.com.
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