Caihong sells 30% stake in subsidiary to BOE

Caihong Display Devices has completed the transfer of 30% of its equity in subsidiary Xianyang Caihong Optoelectronic Technology to BOE Technology Group through a public listing.

Following the transfer, Caihong Display Devices retains 69.79% of the subsidiary while BOE holds 30%. Caihong remains the controlling shareholder and the subsidiary continues to be included in its consolidated financial statements.