TCL completes acquisition of LG Display China and Guangzhou operations

TCL Technology Group Corp., through its controlling subsidiary TCL Huaxing Optoelectronics Technology Co., Ltd., has completed the acquisition of an 80% equity stake in LG Display (China) Co., Ltd. and a 100% equity stake in LG Display (Guangzhou) Co., Ltd. This strategic move aims to enrich semiconductor display production line technology, deepen international client strategic cooperation, and enhance industrial synergy and scale advantages, boosting long-term profitability.

The acquisition, approved by the company's board on September 26, 2024, has reached its final stage. The acquired companies have completed industrial and commercial registration procedures for name and equity changes and have been incorporated into the company's consolidated financial statements starting from the second quarter of 2025.

The final acquisition amount is RMB 11.088 bn. TCL Huaxing has fully paid the entire transaction consideration. The transaction is now complete.