Core Insights - The OLED display market is experiencing significant growth driven by increased shipments of flexible OLED panels from Samsung Display, particularly due to the launch of Apple's iPhone 17 and Samsung's Galaxy S25 series [2] - LG Display's panel shipments surged from 10.8 million units in Q2 to 20 million units in Q3, effectively doubling its output [2] - Chinese panel manufacturers also reported growth in Q3, with BOE's shipments increasing by approximately 5.4 million units and Visionox's shipments rising by about 6.7 million units [2] Company Highlights - LG Display is a key supplier for Apple's smartphones, accounting for about 60% of the panels used in the iPhone 17 Pro Max [2] - BOE's main clients include Chinese smartphone brands such as OPPO and Apple, while Visionox primarily supplies panels to brands like Honor, Xiaomi, and Vivo [2] Market Outlook - UBI Research's Vice President, Han Chang-wook, predicts a significant recovery in shipments from Korean panel manufacturers since Q3, with a key challenge being the stability of supply for major client Apple [2]

维信诺科技股份有限公司 关于与专业投资机构共同投资设立基金备案完成的公告 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。 为满足维信诺科技股份有限公司（以下简称"公司"）和子公司日常生产经 营的需要，公司与工银资本管理有限公司、工融金投二号（北京）新兴产业股权 投资基金合伙企业（有限合伙）签署了《工融金投二号（苏州）股权投资基金合 伙企业（有限合伙）合伙协议》，共同发起设立基金工融金投二号（苏州）股权 投资基金合伙企业（有限合伙）（以下简称"合伙企业"或"本基金"）。合伙 企业认缴出资总额为人民币81,800万元，公司作为有限合伙人以自有资金认缴出 资20,400万元，占合伙企业认缴出资比例的24.94%。具体内容详见公司于2025年 9月24日在《证券时报》《证券日报》 《中国证券报》《上海证券报》和巨潮资 讯网（www.cninfo.com.cn）披露的《关于与专业投资机构共同投资设立基金的 公告》（公告编号：2025-093）。 证券代码：002387 证券简称：维信诺 公告编号：2025-098 维信诺科技股份有限公司董事会 二〇二五年九月三十日 目前 ...

Core Viewpoint - The company, Visionox Technology Co., Ltd., has approved a capital increase and market-oriented debt-to-equity swap for its subsidiary, Kunshan Guoxian Optoelectronics Co., Ltd., with an initial investment of 500 million RMB to reduce debt and optimize its capital structure [3][10][39]. Group 1: Board Meeting and Decision - The seventh board meeting of the company was held on September 26, 2025, with all seven directors present, and the meeting complied with legal and regulatory requirements [2]. - The board unanimously approved the proposal to introduce an investor for capital increase and market-oriented debt-to-equity swap [3][11]. Group 2: Capital Increase Details - The initial capital increase amount is 500 million RMB, entirely in cash, aimed at repaying existing loans from the Industrial and Commercial Bank of China [3][14]. - After the capital increase, the registered capital of Kunshan Guoxian will rise from approximately 6.71 billion RMB to about 7.19 billion RMB, with Visionox holding 86.69% of the shares [3][14]. Group 3: Investor and Fund Structure - The investor is the Gongrong Jintou No. 2 (Suzhou) Equity Investment Fund Partnership, with a total subscribed capital of 818 million RMB, where Visionox contributes 204 million RMB, accounting for 24.94% of the fund [13][15]. - The fund is managed by Industrial Bank Capital Management Co., Ltd., and is established to engage in private equity investment and asset management [15][16]. Group 4: Financial and Operational Impact - The capital increase is expected to effectively lower the asset-liability ratio and reduce interest-bearing debt, aligning with national policy and the company's development goals [10][39]. - The transaction does not constitute a major asset restructuring or related party transaction as per regulatory definitions [11][39].

Core Viewpoint - The company aims to reduce its and its subsidiaries' debt-to-asset ratio and optimize its capital structure through a capital increase and market-oriented debt-to-equity swap, with an initial capital increase amounting to 500 million RMB [1] Group 1: Capital Increase Details - The capital increase will be conducted entirely in cash, with the funds allocated to repay existing loans from the Industrial and Commercial Bank of China [1] - The capital increase price is set at 1.0437 RMB per registered capital, with 479,082,318.79 RMB added to the registered capital and the remaining 20,917,681.21 RMB added to the capital reserve [1] - After the capital increase, the registered capital of the company will rise from 6,707,152,463.04 RMB to 7,186,234,781.83 RMB [1] Group 2: Shareholding Structure Post-Increase - Following the capital increase, Jiangsu Visionox will hold an 86.6911% stake in Guoxian Optoelectronics, while the company will directly hold a 3.9760% stake [1] - Guokai Development Fund Co., Ltd. will hold a 2.6662% stake, and the special fund will hold a 6.6667% stake, ensuring that Guoxian Optoelectronics remains a controlled subsidiary of the company [1]

Core Viewpoint - The company, Visionox (002387.SZ), announced that its controlling subsidiary, Kunshan Guoxian Optoelectronics Co., Ltd., plans to introduce a cash investment of 500 million yuan from the Gongrong Jintou No. 2 (Suzhou) Equity Investment Fund Partnership (Limited Partnership) for capital increase and market-oriented debt-to-equity swap [1] Group 1 - The initial capital increase amount is set at 500 million yuan [1] - The company and its wholly-owned subsidiary, Jiangsu Visionox, will forgo a portion of their preferential subscription amounting to approximately 274 million yuan [1]

维信诺科技股份有限公司 第七届董事会第二十五次会议决议公告 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、董事会召开情况 证券代码：002387 证券简称：维信诺 公告编号：2025-096 公司及国显光电原股东（含公司全资子公司江苏维信诺）均放弃部分优先认 缴出资权利，本次增资完成后，国显光电注册资本将由6,707,152,463.04元增加到 7,186,234,781.83元，其中江苏维信诺持有国显光电86.6911%股权，公司直接持有 国显光电3.9760%股权，国开发展基金有限公司持有国显光电2.6662%股权，专 项基金持有6.6667%股权，国显光电仍为公司控股公司。 1 具体内容详见公司同日在《证券时报》《证券日报》《中国证券报》《上海 证券报》和巨潮资讯网（www.cninfo.com.cn）披露的《关于引进投资者对子公司 增资实施市场化债转股的公告》。 三、备查文件 1. 经与会董事签字并加盖董事会印章的董事会决议。 特此公告。 维信诺科技股份有限公司（以下简称"公司"或"维信诺"）第七届董事 会第二十五次会议（以下简称"会议"）通知 ...

Core Viewpoint - The company, Visionox (002387.SZ), announced that its controlling subsidiary, Kunshan Guoxian Optoelectronics Co., Ltd., plans to introduce a cash capital increase and implement a market-oriented debt-to-equity swap with a private equity fund, with an initial capital increase amount of 500 million yuan [1] Group 1 - The initial capital increase amount is set at 500 million yuan [1] - The company and its wholly-owned subsidiary, Jiangsu Visionox, will forgo a portion of their preferential subscription amounting to approximately 274 million yuan [1]

Core Viewpoint - The company aims to reduce its and its subsidiaries' debt-to-asset ratio and optimize its capital structure through a capital increase and market-oriented debt-to-equity swap, with an initial capital increase of 500 million RMB [1] Group 1: Capital Increase Details - The capital increase will be entirely in cash and will be used to repay existing loans from the Industrial and Commercial Bank of China by Guoxian Optoelectronics and its wholly-owned subsidiary Jiangsu Visionox Display Technology Co., Ltd [1] - The capital increase price is set at 1.0437 RMB per registered capital, with 479,082,318.79 RMB allocated to registered capital and the remaining 20,917,681.21 RMB to capital reserves [1] - After the capital increase, Guoxian Optoelectronics' registered capital will rise from 6,707,152,463.04 RMB to 7,186,234,781.83 RMB [1] Group 2: Shareholding Structure Post-Increase - Following the capital increase, Jiangsu Visionox will hold 86.6911% of Guoxian Optoelectronics, while the company will directly hold 3.9760% [1] - Guokai Development Fund Co., Ltd. will hold 2.6662%, and the special fund will hold 6.6667% of Guoxian Optoelectronics, maintaining the company's status as the controlling shareholder [1]

Core Points - The meeting of the seventh board of directors of Visionox Technology Co., Ltd. was held on September 26, 2025, where a proposal for introducing investors for capital increase through market-oriented debt-to-equity swaps was approved [1] - The subsidiary Kunshan Guoxian Optoelectronics Co., Ltd. plans to raise 500 million yuan through special funds for market-oriented debt-to-equity swaps, with the funds used to repay existing loans [1] - After the capital increase, the registered capital of Guoxian Optoelectronics will increase from 6.707 billion yuan to 7.186 billion yuan, with shareholding proportions for Jiangsu Visionox, the company, the National Development Fund Co., Ltd., and the special fund being 86.6911%, 3.9760%, 2.6662%, and 6.6667% respectively, maintaining Guoxian Optoelectronics as a controlled subsidiary of the company [1]

重要内容提示： 1、维信诺科技股份有限公司（以下简称"公司"或"维信诺"）控股公司 昆山国显光电有限公司（以下简称"国显光电"）拟引进工融金投二号（苏州） 股权投资基金合伙企业（有限合伙）（以下简称"专项基金"）以现金方式进 行增资并实施市场化债转股，首期增资金额为5亿元。 2、本次交易符合国家相关政策导向及公司发展目标，不存在损害公司及股 东利益的情形。 3、本次增资完成后，国显光电仍在公司合并报表范围内，不影响公司对其 的控制权。 4、本次增资事项不构成中国证监会《上市公司重大资产重组管理办法》规 定的重大资产重组，不构成关联交易。 证券代码：002387 证券简称：维信诺 公告编号：2025-097 维信诺科技股份有限公司 关于引进投资者对子公司增资实施市场化债转股的公告 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。 5、本次增资无需提交公司股东大会审议。 一、 本次增资事项概述 为满足公司和子公司日常生产经营的需要，公司与工银资本管理有限公司、 工融金投二号（北京）新兴产业股权投资基金合伙企业（有限合伙）共同发起设 立专项基金，专项基金认缴出资总额为 ...