Tcl Corporation (000100.SZ): TCL Huaxing publicly delists and acquires 20% equity of LGDCA for 2.615 billion yuan.

Tcl Corporation (000100.SZ) announced that its holding subsidiary TCL Huaxing Optoelectronics Technology Co., Ltd. (referred to as "TCL Huaxing") recently acquired 20% equity in LG Display (China) Co., Ltd. (referred to as "LGDCA") for 2.615 billion RMB through Guangzhou Equity Exchange Limited. The transaction is subject to the fulfillment of relevant contract conditions. This transaction will further enrich the company's business layout in the semiconductor display industry, enhance industrial synergy and scale advantages, meet the growing demand for large screens, and improve long-term profitability. TCL Huaxing has also signed an agreement to sell 80% equity of the target company with LG Display Co., Ltd. and its affiliates, pending approval from relevant departments. After the completion of the transaction, TCL Huaxing will hold 100% equity of LGDCA.