Vicente (002387.SZ) plans to cooperate with Kunshan Weixin to invest in the construction of the Kunshan Global New Display Industry Innovation Center project

Zhitong Finance App News, Weixinuo (002387.SZ) announced that the company previously invested in the establishment of the Kunshan Global New Display Industry Innovation Center project with the Kunshan Economic and Technological Development Zone Management Committee and signed the “Kunshan Global New Display Industry Innovation Center Project Cooperation Agreement” in April 2025. The total project investment is expected to be about RMB 5 billion.

In view of the above matters, the company plans to sign the “Kunshan Global New Display Industry Innovation Center Project Investment Cooperation Agreement” with Kunshan Weixin Joint Investment Co., Ltd. (“Kunshan Weixin” for short). The two sides intend to cooperate to invest in the construction of the Kunshan Global New Display Industry Innovation Center project to invest in, build, develop, produce and sell new displays and pan-semiconductor-related product services and transformation of technological innovation achievements. The two parties intend to use Suzhou Guoxian Innovation Technology Co., Ltd. (“Suzhou Guoxian”), a wholly-owned subsidiary established and registered by the company in Kunshan before the signing of this agreement, as the project company to carry out preliminary work related to the project. After the agreement is signed, the two parties will inject capital into the project company through a joint capital increase or other legal means. The total investment in this project is RMB 5 billion, with the registered capital of the project company being RMB 2 billion, of which the company and its designated entities invested RMB 1,002 billion (including the amount of 10 million yuan when the company was previously invested and established), accounting for 50.1%; Kunshan Weixin and its designated entities invested 998 million yuan, accounting for 49.9%. The company relinquished part of its priority investment rights. After the completion of this capital increase, Suzhou Guoxian is still a holding subsidiary within the scope of the company's consolidated statements.

According to the backbone, in terms of technological innovation, this cooperation will promote breakthroughs in future display technology innovation and accelerate the penetration of AMOLED in various application scenarios such as consumer electronics, in-vehicle displays, virtual reality, and medical detection; in terms of industrial development, it will further promote the incubation of research results in the new display industry chain and pan-semiconductor technology, which is of great significance in cultivating future growth points and accelerating the transformation and development of next-generation electronic information industry clusters.