TCL Technology: Acquired 80% equity and related debts of Fujian Zhaoyuan Optoelectronics at a transaction price of 490 million yuan.

TCL Technology announced that TCL Huaxing has successfully acquired 80% equity and related debts of Fujian Zhaoyuan Optoelectronics for a transaction price of 490 million yuan. Fujian Zhaoyuan Optoelectronics Co., Ltd. focuses on the research, development, production, and sales of LED epitaxial wafers and chips. The main financial data for the past year as of December 31, 2024 show total assets of 2.268 billion yuan and net assets of -0.703 billion yuan; operating income for 2024 was 0.888 billion yuan with a net loss of -0.389 billion yuan. As of October 31, 2025, total assets were 2.008 billion yuan and net assets were -1.003 billion yuan; operating income for January to October 2025 was 0.71 billion yuan with a net loss of -0.3 billion yuan.