503 million yuan, Truly Optoelectronics increased its stake in Truly Renshou

On March 12, Truly International announced that Truly Optoelectronics had submitted its first bid, and received the first bid notice from the Equity Exchange on March 10, 2026, confirming that Truly Optoelectronics was the winning bidder for the sale of approximately 5.714% of the equity of Truly Renshou held by Renshou Industrial Investment, with a bid price of approximately RMB 503 million. At present, the two parties have entered into relevant agreements.

According to the announcement, Truly International announced on October 22, 2025 and November 25, 2025, respectively, that it proposed to submit a bid through an equity exchange to acquire a total of approximately 11.43% of the equity of Truly Renshou held by Renshou Industrial Investment, with a total consideration of no more than RMB 1.05 billion.

The acquisition is divided into two rounds of bidding, scheduled to be carried out in the first half and second half of 2026 respectively, with 5.714% of Xinli Renshou's equity sold in each round. If successful in both rounds of bidding, Truly Optoelectronics will own 41.13% of Truly Renshou; if it wins only one round of bidding, Truly Optoelectronics will own 35.41% of Truly Renshou.

Truly International stated that the original intention of establishing Truly Renshou was to increase the production capacity of the company's TFT-LCD display products and meet customer needs. In recent years, TFT-LCD display production performance has continued to be optimized, and the company is optimistic about its future prospects. The acquisition aims to further increase the company's equity stake in Truly Renshou and enhance the company's production capacity in the field of LCD displays.