Union Optech Display Technology Co., Ltd announced that it will receive CNY 392,154,900 in an equity round of funding on January 5, 2022. The transaction will include participation from returning investor Union Optech Co.,Ltd., which will retain its 100% stake in the company. Out of the total proceeds CNY 390,000,000 will go to registered capital, and its registered capital will increase from CNY 30,000,000 to CNY 420,000,000.

The transaction has been approved in the 4th Extraordinary Meeting of the 3rd Directorate and the 3rd Extraordinary Meeting of the 3rd Supervisory Board of investor, and does not need the Shareholders' Approval.