China Display Optoelectronics Technology (334) Announces Further Revision of 2025 Sale Annual Cap

Bulletin Express
10/28

On 28 October 2025, China Display Optoelectronics Technology Holdings Limited (Stock Code: 334) announced a proposal to further revise its 2025 sale annual cap for transactions under the Master Sale and Purchase (2025–2027) Agreement with its ultimate controlling shareholder, TCL Technology. The current RMB4.2 billion cap for sales to TCL Technology Group is expected to be insufficient, prompting an increase to RMB5.0 billion.

According to the announcement, approximately RMB3.03 billion in sales to TCL Technology Group was recorded for the nine months ended 30 September 2025. Management cited a sudden surge in orders—totaling around RMB718 million from certain end customers that only transact with the Group via TCL Technology Group channels—as a key reason for the cap revision. New direct-sales relationships are under negotiation but are not expected to take effect until the first quarter of 2026.

The proposal is subject to shareholders’ approval, as one or more percentage ratios under the Listing Rules exceed 5%. A special general meeting will be held on 19 December 2025 to vote on this matter. The record date for determining eligibility to vote is 15 December 2025. The Company emphasized that other terms under the Master Sale and Purchase (2025–2027) Agreement remain unchanged, and no revisions to the 2026 or 2027 sales caps or relevant purchase caps are proposed.

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