TCL Tech completes asset transfer in acquisition deal

TCL Technology Group Corp (SZSE:000100) announced the completion of the asset transfer for its acquisition of a 21.5311% stake in Shenzhen Huaxing Optoelectronics Semiconductor Display Technology Co., Ltd. from Shenzhen Major Industry Development Fund Phase I, through the issuance of shares and cash payment. The target asset transfer to TCL Technology was officially registered on July 1, 2025. The company awaits further procedures including issuing shares to the counterparty, registering new shares, and modifying company articles. Independent financial advisors and legal counsel have confirmed the legitimacy and effectiveness of the asset transfer.