Nationstar Optoelectronics' application for fixed placement was approved by the Shenzhen Stock Exchange, and the equity transfer of its Gaozhou subsidiary was simultaneously completed

On April 8, Nationstar Optoelectronics issued an announcement that its application for issuance of shares to specific objects was approved by the Shenzhen Stock Exchange Listing Review Center.

The announcement shows that Nationstar Optoelectronics received the "Letter of Opinion of the Review Center Regarding Foshan Nationstar Optoelectronics Co., Ltd.'s Application to Issuance of Stocks to Specific Objects" issued by the Shenzhen Stock Exchange on April 7, 2026. The Shenzhen Stock Exchange Listing Review Center reviewed the company's application documents for issuance of stocks to specific objects and concluded that the company meets the issuance conditions, listing conditions and information disclosure requirements. Subsequently, the Shenzhen Stock Exchange will report to the China Securities Regulatory Commission to perform relevant registration procedures in accordance with regulations.

It is reported that in July last year, Nationstar Optoelectronics released a plan to issue A shares to specific targets in 2025. It plans to raise no more than 981 million yuan. After deducting issuance expenses, all of it will be used for ultra-high-definition display Mini/Micro LED and display module product production and construction projects, photoelectric sensing and smart health device industrialization construction projects, smart home display and Mini backlight module construction projects, smart vehicle devices and application construction projects, Nationstar Optoelectronics R&D laboratory projects, and supplementary working capital.

In December of the same year, Nationstar Optoelectronics updated the plan and adjusted the scale of funds raised to 970 million yuan, while the investment projects remained unchanged.

Nationstar Optoelectronics stated that the company’s issuance of shares to specific targets still needs to obtain the China Securities Regulatory Commission’s decision to approve the registration before it can be implemented. There is still uncertainty as to whether the China Securities Regulatory Commission will finally obtain the decision to approve the registration and the timing.

On the same day, Nationstar Optoelectronics also announced the progress of the transfer of 49% of the subscribed equity of its wholly-owned subsidiary Gaozhou Nationstar Optoelectronics Technology Co., Ltd. (hereinafter referred to as "Gaozhou Nationstar") and the completion of industrial and commercial change registration.

According to the announcement, in order to further optimize the capital structure and improve the efficiency and effectiveness of capital operations, Nationstar Optoelectronics transferred 49% of the subscribed equity of its wholly-owned subsidiary Gaozhou Nationstar (corresponding capital contribution of 14.7 million yuan) to Guangdong Guangsheng High-Quality Development Industry Investment Fund of Funds Partnership (Limited Partnership) at a price of 35,900 yuan through a non-public agreement.

According to data, Gaozhou Guoxing was established in April 2024 and is located in Pukang Industrial Park, Gaozhou City, Maoming City, Guangdong Province, with a registered capital of 30 million yuan.

It is reported that the Gaozhou Guoxing project has a total investment of 100 million yuan and will be officially put into production on July 20, 2024. The company mainly produces LED backlight modules, display and control modules, and thin and light smart module products. Products are widely used in air conditioners, refrigerators, washing machines, TVs, smart displays and other fields. The main customers include Gree, Midea, TPV, TCL, etc. The current annual output value can reach 60-80 million yuan.

As of the date of this announcement, the company has received all the equity transfer price paid by the transferee, completed the industrial and commercial change registration procedures for the above-mentioned equity transfer, and obtained the "Registration Notice" issued by the Gaozhou Municipal Administration for Market Regulation. After the completion of this industrial and commercial change, the company holds 51% of the equity of Gaozhou Guoxing, and Gaozhou Guoxing is still a subsidiary within the scope of the company's consolidated statements.