Boe Technology Group (000725.SZ) plans to increase investment in North Electronics Integrated to invest in the construction of a 12-inch integrated circuit production line project.

Boe Technology Group (000725.SZ) announced that the company plans to increase its investment in Beijing Electric Control Integrated Circuit Manufacturing Co., Ltd. (referred to as "Northern Electric Integration") through its wholly-owned subsidiary Tianjin BOE Innovation Investment Co., Ltd. (referred to as "Tianjin BOE Innovation"). The investment will be used for the construction of a 12-inch integrated circuit production line project. The total amount of this investment is 19.99 billion yuan, which will be included in the registered capital of the target company. The total investment of the project is 33 billion yuan, with 31.5 billion yuan for construction investment and 1.5 billion yuan for working capital. The registered capital of the project company is 20 billion yuan, with YanDong Technology contributing 4.99 billion yuan in cash, Tianjin BOE Innovation contributing 2 billion yuan in cash, Yizhuang Technology contributing 4 billion yuan in cash, ZHONGFA No. 2 Fund contributing 2 billion yuan in cash, Yizhuang International Investment Development contributing 2.5 billion yuan in cash, Beijing National Capital Operation Management contributing 2.5 billion yuan in cash, Guoxin Juyuan contributing 2 billion yuan in cash, and Beijing Electric Control contributing 0.1 billion yuan in cash. The difference between the total investment and the capital will be solved by the project company through loans. This transaction will help improve the development of BOE's industrial chain system and effectively support the strategic business needs of BOE Display, promoting the establishment of stable strategic cooperation relationships with ecosystem partners, maintaining BOE's leading position in the display field, and helping the core business to develop better and faster.