Guoxing Optoelectronics plans to build Packaging Devices and Application Product Line with 1 billion-2 billion yuan

SMM4, January 1: Guoxing Optoelectronics recently reached a preliminary cooperation intention with the government department of Chancheng District of Foshan City, planning to invest 1 billion yuan to 2 billion yuan to build packaging devices and application product production lines and supporting facilities, in order to continue to expand the company's existing superior packaging devices and application product production capacity, and increase the layout and development of Mini LED and other emerging areas. Wang Xuan, the new Dazheng controlling shareholder, plans to personally contribute to the establishment of an incentive fund. Starting from 2020, Wang Xuan plans to use the annual dividend of 3 million shares held by his individual as a source of funds for the fund.