OFILM Group's share issuance and acquisition application accepted by SZSE

OFILM Group Co., Ltd. has received notification from the Shenzhen Stock Exchange (SZSE) that its application documents for issuing shares to acquire assets and raise supporting funds have been accepted. This proposed transaction involves the acquisition of a 28.2461% equity interest in OFILM Microelectronics (Nanchang) Co., Ltd., currently held by Nanchang City Chanmeng Investment Management Co., Ltd., along with the raising of supporting funds.

The SZSE reviewed the submitted application documents and found them to be complete, leading to their acceptance. This marks a crucial development, as the transaction now proceeds to the next stages of regulatory review.

The company emphasizes that the transaction remains subject to review by the SZSE and approval for registration by the China Securities Regulatory Commission. There is still uncertainty regarding whether the approvals will be granted and the exact timing of such approvals. OFILM Group will continue to disclose information in accordance with relevant laws and regulations, advising investors to monitor future announcements and be aware of potential investment risks.