BOE Technology Group launches second tranche of 2025 innovation bonds

BOE Technology Group Company Limited has announced the second tranche of its 2025 public issuance of technology innovation corporate bonds to professional investors. The issuance, with a maximum size of 1 billion yuan and a 5-year term, follows approval by the China Securities Regulatory Commission on September 25, 2024. The bonds will be offered at a face value of 100 yuan per unit, with interest rates determined by book-building within a 1.5%-2.5% inquiry range.

The proceeds from this tranche, after deducting issuance costs, are intended to replace proprietary funds used for equity investments in technology innovation sectors over the past 12 months. Specifically, 1 billion yuan will be allocated to Beijing BOE Chuangyuan Technology Co., Ltd., a controlled subsidiary focused on advanced display technologies such as VR display panels, IT display panels, and automotive display panels. Beijing BOE Chuangyuan, established in October 2022, is spearheading projects utilizing LTPO and LTPS technologies.

As of June 30, 2025, BOE Technology Group’s net assets totaled 20,323,690.39 yuan, with an average distributable profit of 513,736.92 yuan over the last three fiscal years, which is projected to cover the annual interest payments of the bonds at least once. The company holds an AAA corporate credit rating with a stable outlook from United Credit Ratings. The bonds will be listed on the Shenzhen Stock Exchange.