On April 13, 2023, Tianjin Jingwei Huikai Optoelectronic Co., Ltd. closed the transaction. The company issued 110,000,000 shares at an issue price of CNY 6.5 per share for proceeds of CNY 750,000,000. The transaction included participaiton from new investors Yancheng Yannan High-Tech District Ruishan New Display Industrial Investment Fund (Limited Partnership for CNY 229,450,000 for 6.15% stake; Yancheng Yannan High-Tech District Xingrui Semiconductor Industrial Investment Fund (Limited Partnership) for CNY 149,500,000 for 4% stake; Renqing No.

1 Private Securities Investment Fund and Renqing Renhe No. 1 Private Securities Investment Fund, funds managed by Ningbo Renqing Private Equity Fund Management Co., Ltd. for CNY 116,350,000 and others. The company raised net proceeds of CNY 700,342,924.53.

The securities issued are subject to a hold period of 6 months.