Huacan Optoelectronics: Intends to invest 970 million yuan to construct a new high-end display project.

Huacan Optoelectronics announced that the company plans to sign an investment agreement with the Zhangjiang Economic Development Zone Management Committee to invest in the construction of a "new high-end display project" with a total planned investment of approximately 970 million yuan. Meanwhile, the company plans to jointly invest with Yuefeng Kechuang to establish a joint venture company as the main entity for project implementation. The registered capital of the joint venture company is 700 million yuan, with the company investing 490 million yuan, holding 70% of the shares, and Yuefeng Kechuang investing 210 million yuan, holding 30% of the shares. This matter has been approved by the company's board of directors and does not require approval from the shareholders' meeting. It does not constitute a related party transaction or a major asset restructuring.