Vogel plans to raise 1.5 billion yuan for glass substrates and other industries

Jiangxi Vogel Optoelectronics Co., Ltd. issued an announcement on the adjustment and progress of foreign investment projects.

The announcement announced that at the sixth meeting of the fourth board of directors, the company considered and approved the proposal of feasibility analysis report on the use of funds raised by issuing a shares to specific targets, and made corresponding adjustments to investment projects. The total investment amount of the project will be adjusted to RMB 5,200 142578, and it is expected that the annual production capacity of 5 million square meters of Mini led glass-based circuit boards will be achieved after the completion of the project. The implementation of this

project is of positive significance for enriching the company's existing product structure, cultivating new business growth points, deepening the depth of cooperation with existing customers, enhancing customer stickiness and expanding potential customers in multiple downstream application fields. This project is an important measure for the company to develop Mini LED glass-based circuit board business and enhance its technological leadership, which helps to consolidate and enhance the company's competitive position in the market.

At the same time, the company emphasizes that this investment is of positive significance to meet business expansion, capacity layout expansion, enhance core competitiveness and conform to the company's development strategy and shareholders'interests. According to the project operation and market conditions, the company will prudently plan overall operation and construction plan to ensure that it will not adversely affect the company's financial and operating conditions, nor will it damage the interests of the company and all shareholders.