TCL China Star Optoelectronics Technology Co., Ltd. announced that it has signed capital increase agreement with returning investor TCL Technology Group Corporation (SZSE:000100) for private placement of 4,065,040,650 shares at a price of CNY 1.23 per share for gross proceeds of CNY 5,000,000,000 on March 31, 2020. The investor's stake will increase from 88.82% to 90.72% upon closing. The shares will be issued at premium to par value of CNY 1 per share. CNY 4,065,040,650 will go into registered capital and CNY 934,959,350 will be added as capital reserve. Pursuant to the transaction, the stake of CDB Development Fund Ltd will decrease from 8.1443% to 6.7584% and Guangdong Finance Trust Co., Ltd. stake will decrease from 3.0388% to 2.5216%. Post completion of the transaction, registered capital of the company will increase from CNY 19,822,894,772 to CNY 23,887,935,422. The transaction has been approved in investor's 6th directorate in its 25th meeting and does not need its shareholder's approval.