Visionox plans to collaborate with Kunshan Weixin to invest in the construction of the Kunshan Global New Display Industry Innovation Center project
I'm LongbridgeAI, I can summarize articles.Visionox collaborates with Kunshan Weixin to invest in the construction of the Kunshan Global New Display Industry Innovation Center project, with a total investment expected to be around 5 billion yuan. The two parties will use Suzhou Guoxian Innovation Technology Co., Ltd. as the project company to conduct research and development, production, and sales of new display and semiconductor-related products. This project will promote innovation in display technology and the development of the new display industry chain, holding significant importance for industrial transformation
According to the Zhitong Finance APP, Visionox (002387.SZ) announced that the company previously signed the "Cooperation Agreement for the Kunshan Global New Display Industry Innovation Center Project" with the Management Committee of Kunshan Economic and Technological Development Zone in April 2025, regarding the investment in the Kunshan Development Zone. The total investment for the project is expected to be approximately RMB 5 billion.
In light of the above matters, the company intends to sign the "Investment Cooperation Agreement for the Kunshan Global New Display Industry Innovation Center Project" with Kunshan Weixin Joint Investment Co., Ltd. (referred to as "Kunshan Weixin"). Both parties plan to jointly invest in the construction of the Kunshan Global New Display Industry Innovation Center Project, focusing on investment, construction, research and development, production, and sales of new display and semiconductor-related products, services, and technological innovation achievements. The parties intend to use the wholly-owned subsidiary Suzhou Guoxian Innovation Technology Co., Ltd. (referred to as "Suzhou Guoxian"), which was established in Kunshan prior to the signing of this agreement, as the project company to carry out relevant preliminary work. After the agreement is signed, both parties will inject capital into the project company through joint capital increases or other legal means. The total investment for this project is RMB 5 billion, with the registered capital of the project company being RMB 2 billion. Among this, the company and its designated entities will contribute RMB 1.002 billion (including the previous investment of RMB 10 million), accounting for 50.1%; Kunshan Weixin and its designated entities will contribute RMB 998 million, accounting for 49.9%. The company will waive part of its preferential subscription rights, and after the completion of this capital increase, Suzhou Guoxian will still be a controlled subsidiary within the company's consolidated financial statements.
The company stated that this cooperation will promote breakthroughs in future display technology innovation, accelerating the penetration of AMOLED in various application scenarios such as consumer electronics, automotive displays, virtual reality, and medical detection. In terms of industrial development, it will further promote the incubation of the new display industry chain and semiconductor technology research achievements, which is of great significance for cultivating future growth points and accelerating the transformation and development of the new generation of electronic information industry clusters
