On the evening of July 4, Vogel Optoelectronics (603773.SH) issued an announcement that the additional issuance was approved. The announcement stated that the Issuance Review Committee of the China Securities Regulatory Commission reviewed the company’s application for a non-public issuance of A shares on July 4, 2022. According to the review results of the meeting, the application for the non-public issuance of A shares and shares was approved.
According to disclosures, the number of non-public issuances of Woge Optoelectronics is no less than 10.4601 million shares and no more than 14.8003 million shares. The total amount of funds raised is no less than 121 million yuan and no more than 171 million yuan. After deducting the issuance expenses, all will be used for Supplement the company's working capital and repay bank borrowings. It is worth noting that the target of this non-public issuance of stocks is the company’s controlling shareholder and actual controller Yi Weihua. All the stocks subscribed in cash will be locked for 36 months after the issuance and listing, which demonstrates the actual controller’s commitment to the company’s development. Full confidence in the future.
Accelerating transformation and deepening the Mini/Micro LED track
Data shows that on the basis of consolidating the LCD panel finishing business, Woge Optoelectronics has accelerated the market promotion and commercial implementation of the transformation business, and will achieve operating income of approximately 1.050 billion yuan in 2021, year-on-year A substantial increase of approximately 73.79%.
It is reported that as an enterprise in the field of research, development, promotion and application of new material technologies such as glass substrates, Wogo Optoelectronics has core technologies such as ultra-thin glass thinning, coating, glass-based giant via holes (TGV technology), and precision integrated circuit etching. It has industry-leading advantages in the field of optoelectronic display. It has Mini LED direct display and backlight module upstream and downstream industry chain technology and production capabilities, forming a series of integrated solutions and related products. The company overcame the through-hole difficulties of TGV in 2019. Through continuous improvement and optimization, it is currently cooperating with customers in the fields of Mini LED backlight, direct display and LED packaging, and has in-depth and continuous exchanges with well-known domestic companies in the field of advanced packaging. . At present, Woge Optoelectronics has formed a pilot production line for Mini LED display modules at the Songshan Lake R&D base in Dongguan. In 2021, it successfully acquired three major subsidiaries: Huichen Electronics, Xingwei Technology, and Beijing Baoang, and accumulated industry-leading experience including High-quality customers including Shentianma , BOE , TCL Group , Shenchao Optoelectronics, Innolux , Truly Optoelectronics , and Hui Optoelectronics and many other well-known large flat panel display device manufacturers.
Since January 2022, Vogel Optoelectronics has been making continuous moves. From investment and construction of glass-based Mini/Micro LED substrate production projects, multiple equity incentive plans, strategic cooperation with Zhongqi, jointly investing in the establishment of a joint venture with Hubei Tianmen for product transformation, to the recent private placement of funds, all are promoting the company In the industrial chain of optoelectronic display modules, we will improve the layout of glass substrate applications in Mini/Micro LED display and semiconductor fields. It is reported that Wogel Optoelectronics has overcome the core technical difficulties of Mini LED glass-based technology, including core technologies such as photolithography technology, thick copper coating, and massive drilling of glass-based holes. In the future, we will continue to develop relevant technologies in depth to achieve breakthroughs in technical problems such as mass transfer of Micro LEDs. In addition to the continuous in-depth research and development and industrial layout of Mini/Micro LED substrate related technologies,
is also engaged in the research and development of UTG (ultra-thin flexible glass) related process technologies and AG, AR, AF (3A) superposition technologies. In terms of comprehensive application, R&D investment has been increased, and technological innovation results have been remarkable.
has passed the review of private placement fund raising. Will the value be reshaped? The actual controller of
subscribed in full for this private placement, which provides a strong guarantee for the company's sustainable development, helps to enhance the strength of liquidity, protects the company's leading position in the industry, and ultimately maximizes the interests of shareholders.
As of the announcement date of the plan, Yi Weihua’s direct shareholding ratio is 27.45%. In addition, its concerted actor Xinyu Ward Investment Partnership (Limited Partnership) holds 4.71% of the company’s shares. The company’s controlling shareholder and actual controller Yi Weihua's control ratio is 32.16%. After the completion of this non-public offering, Yi Weihua's total shareholding ratio is expected to reach a maximum of 37.93%.After the completion of the private placement of
, on the one hand, it will increase the actual controller's shareholding ratio in the company, ensure the stability of the company's control, enhance its controlling shareholder status, and improve the company's decision-making efficiency; on the other hand, this non-public issuance will strengthen the company's control Core business, while consolidating the company's competitive advantages in the industry, reduce the asset-liability ratio, improve debt solvency, optimize capital structure, improve financial status, and enhance the company's ability to respond to industry risks; in addition, the company has implemented Mini LED backlighting in the early stage On the basis of the integration of the module industry chain, we will continue to expand the production capacity layout in the display field and semiconductor packaging field to consolidate the company's competitive advantage in the industry.
It is worth mentioning that Woge Optoelectronics stated on E Interactive that in addition to financing through private placement this time, it plans to introduce a variety of financing methods in due course in the future. As the company's financial strength increases after the raised funds are in place, various core businesses will orderly promote the continuous consolidation and improvement of competitive advantages. Voge Optoelectronics or Dongfeng has arrived.
