Core Viewpoint - The company, Visionox (002387.SZ), has signed a partnership agreement to establish a fund focused on new materials, particularly in the new display materials sector, with a total committed capital of 1 billion yuan [1] Group 1: Investment Details - The total committed capital for the partnership is 1 billion yuan, with the company contributing 190 million yuan, representing 19% of the total [1] - The investment direction of the partnership will focus on the new materials field, with a specific emphasis on new display materials [1] - At least 70% of the investment in the new materials industry chain must be allocated to upstream and downstream investments relative to the total committed capital [1]

Core Viewpoint - The company, Visionox (002387.SZ), has signed a partnership agreement to establish a fund focused on new materials, particularly in the new display materials sector, with a total committed capital of 1 billion yuan, of which the company contributes 190 million yuan, representing 19% of the total commitment [1] Investment Details - The partnership agreement was signed on October 10, 2025, for the establishment of Anhui Jusheng Materials Equity Investment Partnership (Limited Partnership) [1] - The total committed capital for the partnership is 1 billion yuan, with the company as a limited partner contributing 190 million yuan [1] - The investment direction of the partnership will focus on the new materials sector, with a specific emphasis on new display materials [1] - At least 70% of the total committed capital must be invested in the upstream and downstream of the new materials industry [1]

Core Viewpoint - The company, Visionox (002387), has signed a partnership agreement to establish a new investment fund focused on the new materials sector, particularly new display materials, with a total committed capital of 1 billion yuan [1] Group 1: Fund Details - The fund, named Anhui Province Jusheng Materials Equity Investment Partnership (Limited Partnership), has a total committed capital of 1 billion yuan [1] - The investment direction of the fund is primarily in the new materials field, with a specific emphasis on new display materials [1] - At least 70% of the total committed capital must be invested in the upstream and downstream of the new materials industry [1] Group 2: Company Involvement - The company will act as a limited partner, contributing 190 million yuan, which represents 19% of the total committed capital of the partnership [1]

关于与专业投资机构共同投资设立基金的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，无虚 假记载、误导性陈述或者重大遗漏。 证券代码：002387 证券简称：维信诺 公告编号：2025-101 维信诺科技股份有限公司 1、普通合伙人一 公司名称：合肥市新站国鑫资本私募基金管理有限公司 统一社会信用代码：91340100MA2W1X494T 公司类型：有限责任公司（非自然人投资或控股的法人独资） 注册地址：合肥市新站区前江路智慧产业园A14栋2楼 法定代表人：何娟 注册资本：11,000万元人民币 成立日期：2020年07月27日 经营范围：一般项目：私募股权投资基金管理、创业投资基金管理服务（须 在中国证券投资基金业协会完成登记备案后方可从事经营活动）（除许可业务外, 可自主依法经营法律法规非禁止或限制的项目） 一、对外投资概述 为进一步完善维信诺科技股份有限公司（以下简称"公司"或"维信诺"） 业务布局，推动公司与产业链协同发展，公司与合肥市新站国鑫资本私募基金管 理有限公司（以下简称"国鑫资本"）、合肥晟智股权投资有限公司（以下简称 "合肥晟智"）、安徽省新材料产业主题投资基金合伙企业（有 ...

Core Viewpoint - The article discusses the recent developments in the OLED industry, particularly focusing on the 8.6 generation AMOLED production lines being established by major manufacturers like Visionox, BOE, Samsung Display, and TCL Huaxing. The introduction of new technologies, especially Visionox's ViP technology, is highlighted as a significant advancement in OLED production, which could reshape the competitive landscape in the high-end display market [2][9]. Summary by Sections Visionox's 8.6 Generation AMOLED Production Line - Visionox, in collaboration with Hefei City, has established Hefei Guoxian Technology Co., Ltd. to procure core equipment for its 8.6 generation AMOLED production line, with a total investment of 55 billion RMB. This line is notable for being the world's first to use a maskless lithography process [2][9]. ViP Technology - The ViP (Visionox intelligent Pixelization) technology developed by Visionox eliminates the need for fine metal masks (FMM), allowing for more precise AMOLED pixelation and overcoming traditional OLED limitations regarding display size and resolution. However, the process still requires initial uniform deposition of organic light-emitting materials [3][5]. Competitive Landscape - Four major manufacturers are currently building 8.6 generation OLED production lines, each adopting different technological approaches. Samsung Display, BOE, and Visionox have confirmed the purchase of deposition equipment, while TCL Huaxing is focusing on printed OLED technology [4][6]. Technology Comparison - A comparison of different OLED technologies reveals that FMM OLED uses precise metal masks, while ViP OLED utilizes lithography for pixel design, and printed OLED employs inkjet printing. ViP technology is expected to achieve higher pixel density (1700-2000 PPI) compared to traditional methods [5][6]. Production Progress - As of 2025, major manufacturers are accelerating the construction of their 8.6 generation OLED lines. Samsung Display's A6 line is expected to begin mass production in the second or third quarter of 2026, while BOE and Visionox are also making significant progress towards their production timelines [7][8]. Market Implications - The advancements in OLED technology and the establishment of new production lines are expected to shift the focus of the high-end display industry towards IT applications, including smartphones, tablets, and laptops. The competition in the mid-size high-end display market is anticipated to become more diversified and intense [9].

Core Insights - Visionox (002387.SZ) is making significant progress on its 8.6-generation AMOLED production line project, with multiple key equipment procurements confirmed [1][4] Group 1: Project Overview - The 8.6-generation AMOLED production line project is being constructed by Hefei Guoxian Technology Co., Ltd., with a total investment of 55 billion yuan [4] - The designed capacity of the production line is 32,000 glass substrates per month, measuring 2290mm × 2620mm [4] - The main factory structure was topped off in August this year [4] Group 2: Technological Advancements - The production line will utilize Visionox's proprietary ViP (Visionox Intelligent Pixelization) technology, making it the world's first high-generation AMOLED production line without FMM lithography [4] - ViP technology employs semiconductor lithography to create AMOLED pixels, eliminating the limitations of traditional FMM processes [4] - This technology offers independent pixels, high precision, and high yield, significantly enhancing cutting efficiency and cost-effectiveness for AMOLED panels [4] Group 3: Market Implications - The advancements in the production line are expected to provide better solutions for high-end markets such as tablets, laptops, and automotive displays [4] - The rapid procurement of key equipment indicates that the project is progressing quickly [4]

Group 1 - The company, Visionox Technology Co., Ltd., approved a share repurchase plan at its board meeting on April 29, 2025, intending to use its own and raised funds to repurchase part of its issued A-shares through the Shenzhen Stock Exchange [1] - The total amount for the repurchase will be no less than RMB 50 million (inclusive) and no more than RMB 100 million (inclusive), with a maximum repurchase price of RMB 14.80 per share (inclusive) [1] - The repurchased shares will be used for future equity incentive plans or employee stock ownership plans, with the specific number of shares to be determined upon completion of the repurchase [1] Group 2 - As of September 30, 2025, the company has not yet implemented the share repurchase plan [2] - The company plans to execute the repurchase based on market conditions within the specified timeframe and will fulfill its information disclosure obligations as required [3]

证券代码：002387 证券简称：维信诺 公告编号：2025-100 维信诺科技股份有限公司 关于回购股份的进展公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，无虚 假记载、误导性陈述或者重大遗漏。 一、股份回购实施进展 根据《上市公司股份回购规则》《深圳证券交易所上市公司自律监管指引 第9号——回购股份》等有关规定，公司应当在每个月的前三个交易日内披露截 至上月末的回购进展情况。截至2025年9月30日，公司暂未实施本次股份回购。 二、其他说明 公司后续将根据《上市公司股份回购规则》《深圳证券交易所上市公司自 律监管指引第9号——回购股份》的相关规定及公司股份回购方案，在回购期限 内根据市场情况择机实施本次回购计划，并按照相关法律法规的规定及时履行 信息披露义务，敬请广大投资者注意投资风险。 特此公告。 维信诺科技股份有限公司董事会 二〇二五年十月十日 维信诺科技股份有限公司（以下简称"公司"）于2025年4月29日召开的第 七届董事会第十八次会议审议通过了《关于回购公司股份方案的议案》，同意 公司使用自有资金和自筹资金通过深圳证券交易所交易系统以集中竞价交易方 式回购公司部分已发行的人民币 ...

证券代码：002387 证券简称：维信诺 公告编号：2025-099 维信诺科技股份有限公司 公司本次重组申请文件中审计报告财务数据基准日为2024年12月31日。由于 本次重大资产重组申请文件中记载的财务资料已过有效期，深交所按照《深圳证 券交易所上市公司重大资产重组审核规则》等相关规定对公司本次重大资产重组 中止审核。 二、中止审核的影响 本次重组中止审核不会对公司生产经营活动产生重大不利影响。公司将根据 相关事项进展情况及时履行信息披露义务。 公司本次发行股份及支付现金购买资产并募集配套资金暨关联交易事项尚 需通过深交所审核，并取得中国证券监督管理委员会同意注册的决定后方可实施。 该事项能否通过审核、取得注册，以及最终通过审核、取得注册的时间仍存在不 确定性。公司将根据审核进展情况及时履行信息披露义务，敬请广大投资者注意 投资风险。 关于收到深圳证券交易所中止审核公司发行股份及支付现金购 买资产并募集配套资金暨关联交易通知的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，无虚 假记载、误导性陈述或者重大遗漏。 维信诺科技股份有限公司（以下简称"公司"）拟通过发行股份及支付现金 的方式购买 ...

Core Insights - The article highlights the transformation of China's OLED industry from a follower to a parallel player and now aiming to become a leader in the global market, with significant contributions from companies like BOE, Visionox, Tianma, and TCL Huaxing [1][21]. Group 1: Historical Development - The development of domestic OLED technology began in the 1990s, with Tsinghua University establishing an OLED project group in 1996, laying the groundwork for the industry [2]. - In 2001, Visionox was founded, focusing on key technologies that would later support the production of flexible OLED screens [2][4]. - The early 2010s saw companies like BOE and OLED companies facing challenges due to weak technology accumulation and reliance on imports for critical components [4][6]. Group 2: Market Evolution - The global display market experienced a technological revolution in 2017, significantly improving OLED yield rates, which accelerated the mainstream adoption of OLED screens, particularly after the launch of the iPhone X [7][9]. - Government policies and capital investments supported the domestic OLED industry, with local governments providing incentives for companies like BOE and Visionox to establish production lines [9][11]. - Domestic manufacturers began to gain more influence, with Visionox leading the establishment of international standards in flexible displays [11]. Group 3: Current Challenges - Despite achieving over 45% market share, domestic OLED manufacturers still face significant gaps in high-end markets compared to Samsung and LG [18]. - The industry is characterized by long cycles, high leverage, and substantial R&D investments, leading to revenue growth but profit pressures [18][20]. - Key materials and equipment for OLED production remain heavily reliant on imports, particularly in high-performance organic materials and deposition equipment [16][18]. Group 4: Future Directions - Domestic OLED companies are encouraged to focus on high-value segments such as high-end laptops, automotive displays, and innovative products like foldable screens to avoid price wars in saturated markets [20]. - There is a need for enhanced collaboration between upstream material suppliers and downstream panel manufacturers to improve innovation and reduce dependency on foreign products [16][21]. - The article emphasizes that true leadership in the OLED market will require mastering next-generation display technologies and establishing control over standards and patents [22][23].