TCL Tech's asset acquisition application accepted by exchange

TCL Technology Group Corp (SZSE:000100) announced that the Shenzhen Stock Exchange has accepted its application documents for issuing shares and paying cash to purchase assets and raise supporting funds, as per document 深证上审〔2025〕44号. The transaction involves acquiring 21.5311% equity of Shenzhen Huaxing Photoelectric Semiconductor Display Technology Co., Ltd. held by Shenzhen Major Industrial Development Phase I Fund, and raising supporting funds from no more than 35 specific qualified investors through share issuance. The company's board of directors assures the accuracy and completeness of the announcement, stating that there are no false representations or misleading statements. The deal is still subject to further review by the Shenzhen Stock Exchange and approval from the China Securities Regulatory Commission.