In the morning of December 10^th, A Ten-billion-scale Investment in Semiconductor Display Industrial Chain Was Launched & Huizhou TCL CSOT G8.5+ Module Production Expansion Project Commencement Ceremony Was Held in HZZK High-tech Zone. Liu Ji, Secretary of Huizhou Municipal Party Committee, Lin Feiming, a member of the Standing Committee of Huizhou Municipal Party Committee, Municipal Government Executive Deputy Mayor; Wu Xianmin, Secretary of HZZK High-tech Zone Party Committee; Tian Shengsi, Deputy Secretary of HZZK Committee and  Executive Deputy Director of HZZK Management Committee; Li Dongsheng, TCL Founder and Chairman; Wang Cheng, TCL Technology Group Corporation COO; Yoshinori Hirai, Asahi Glass Company (AGC) (China) CEO together with other leaders and guests attended the ceremony and witnessed the commencement. 

　　Lin Feiming mentioned:“ HZZK High-tech Zone is the center for the development of HD video display industry across Huizhou. In recent years, HZZK has developed “Substrate-Panel-Module-Complete Screen”-- a full industrial chain development model that is mostly equipped in China as TCL module achieved AIO complete screen and many high quality projects like AGC have been put into production and reached targets bringing industrial convergence effect to Huizhou and adding powerful growth drives to the high-quality-oriented economic development. The launch of this Ten-billion-scale Investment Project has great significance for increasing HZZK’s independent control on industrial chain, enhancing flexibility of the industry and its core competitiveness and linking Guangdong-Hong Kong-Macao Greater Bay Area and other cities to build a world-class digital industrial base”. Lin Feiming asked HZZK to firmly follow the digitization of the industry and the trend of Digitization Industry so as to make the HD video display, smart terminal and smart energy and other leading industries bigger and stronger. He emphasized that we need to provide finer, better and more considerable services to smoothly promote the projects from the commencement to their up and running.

　　In his speech, Wang Cheng said that, Semiconductor display is TCL’s core industry. Huizhou is the most important region of TCL’s semiconductor display industrial chain and the most important R&D and manufacturing base of TCL’s smart terminal and module business. He told us that, TCL would focus on semiconductor display industrial chain to promote an industrial cluster to be formed among upstream and downstream partners and build an ecosystem featuring co-existence and common prosperity between the supply chain and the industrial chain. TCL would continue to take root in Huizhou and develop and expand investment & sales to attract more companies in the upstream and downstream to Huizhou to seek development and further complete the electronic information industrial ecological chain. That would make more contributions to Huizhou’s high-quality-oriented economic development and help Huizhou City and Guangdong Province to build up the world’s largest semiconductor display industrial cluster.  

　　In his speech, Yoshinori Hirai mentioned that, AGC would continue to strive at its best efforts to contribute to TCL CSOT’s business expansion, HZZK’s economic development and China’s semiconductor display industry development.

　　We were told that, the Ten-billion-scale Investment Project in Semiconductor Display Industrial Chain in Huizhou HZZK High-tech Zone

　　includes CSOT G8.5+ Module Production Expansion Project, Maojia Technology New Generation of Smart Screen Module AIO Complete Screen Industrial Base Project,TCL Display Small-and-medium Size LCD Module Project and AGC Display Glass(Huizhou) Expansion Project. It is expected to add over ten billion RMB of investment, which will help Huizhou to further improve and complete its semiconductor and HD video display’s  upstream and downstream industrial chain, enhance its ability to provide the auxiliary items and localized supply, reduce logistic and operational costs so as to fulfill the needs of semiconductor display from Guangdong and its surrounding ares.

　　The Ten-billion Investment Includes:

　　I. CSOT G8.5+ Module Production Expansion Project plans to invest RMB 2.7 billion in total to build CSOT G8.5+ Module Project covering  43 to 100 inches modules with an annual output at 9.2 million pieces. This project is due to start building on December 10th and be put into production in the beginning of 2023.

　　II. Maojia Technology New Generation of Smart Screen Module AIO Complete Screen Industrial Base Project plans to invest RMB 1.75 billion in total with an annual output of 23 million sets of LCM, TV, display and other products while reserving room for future development of new markets.

　　III.TCL Display Small-and-medium Size LCD Module Project plans to add another RMB 1.7 billion of investment to its initial RMB 398 million invested on its Chengjiang New Factory to produce new model of touch display module and its auxiliary products. That will increase its annual output of 3 to 17 inches small-and-medium LCD modules to 120 million pieces.

　　IV.AGC Display Glass (Huizhou) Expansion Project plans to add over RMB 4 billion to build its exclusive production line for G11 TFT-LCD Glass  to fulfill the needs of semiconductor display from Guangdong and its surrounding ares.