Core Viewpoint - The merger of Shanghai Tianma and Tianma Organic Light Emitting Display is aimed at optimizing the management structure and improving operational efficiency, aligning with the company's future development needs [1][4]. Group 1: Company Overview - Shanghai Tianma was established in 2006 with a registered capital of 1.03 billion RMB, focusing on the manufacturing and sales of displays, electronic materials, and optoelectronic devices [4]. - For the period of January to September 2024, Shanghai Tianma reported revenue of 5.92 billion RMB and a net profit of 270 million RMB [4]. - Tianma Organic Light Emitting was founded in 2013 with a registered capital of 1 billion RMB, specializing in the R&D, design, production, and sales of organic light-emitting displays [4]. - In the same period, Tianma Organic Light Emitting achieved revenue of 21.01 million RMB and a net profit of 2.69 million RMB [4]. Group 2: Merger Details - On December 2, the company announced the completion of the business deregistration procedures for Tianma Organic Light Emitting [1]. - The board of directors approved the merger plan on December 30, 2024, allowing Shanghai Tianma to absorb Tianma Organic Light Emitting, which will be legally dissolved [1]. - Following the merger, all assets, liabilities, rights, and obligations of Tianma Organic Light Emitting will be inherited by Shanghai Tianma [1].