Nationstar Optoelectronics was approved to raise 970 million yuan, focusing on the deployment of smart vehicle and display modules

On May 18, Nationstar Optoelectronics announced that the company received the "Reply on the Registration Approval of Foshan Nationstar Optoelectronics Co., Ltd.'s Issuance of Stocks to Specific Objects" issued by the China Securities Regulatory Commission, and was officially approved to issue shares to specific objects, marking the company's key progress in this round of private placement work.

According to the approval content, the China Securities Regulatory Commission approved the company’s registration application for issuance of stocks to specific objects, requiring the company to strictly implement the application documents and issuance plan submitted to the Shenzhen Stock Exchange. The approval will be effective within 12 months from the date of approval of registration.

The approval of this private placement is the result of nearly one year of progress by Nationstar Optoelectronics. As early as July 2025, the company released an annual plan for issuance of A-shares to specific targets, with plans to raise no more than 981 million yuan. In December of the same year, the company updated the plan and slightly adjusted the fundraising scale to 970 million yuan, while the fundraising projects remained unchanged.

According to the plan, after deducting the issuance costs, all the funds raised 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 device and application construction projects, Nationstar Optoelectronics R&D laboratory projects and supplementary working capital, covering the company's core strategic business direction.

On April 7 this year, Nationstar Optoelectronics received a letter of opinion from the review center issued by the Shenzhen Stock Exchange. The Shenzhen Stock Exchange Listing Review Center determined that the company complied with the issuance conditions, listing conditions and information disclosure requirements, and reported relevant materials to the China Securities Regulatory Commission to complete the registration procedures as required. This official approval from the China Securities Regulatory Commission means that the company's private placement plan has completed all regulatory approval processes and entered the implementation stage.