Gathering light and strength, embarking on a new peak - The completion ceremony of OLED (Shanghai) Optoelectronic Materials Technology Co., Ltd. was grandly held.

        Gathering light and strength, together we embark on a new peak. On October 20, 2023, the completion ceremony of OLED (Shanghai) Optoelectronic Materials Technology Co., Ltd. was grandly held in the Shanghai Bay Area High-tech Zone. Liu Jian, Secretary of the Jinshan District Committee and Director of the District People's Congress Standing Committee, Deputy District Mayor Zhai Jinguo, and other leaders from Jinshan District, Liang Xinqing, Executive Vice Chairman and Secretary-General of the Liquid Crystal Branch of the China Optical and Optoelectronic Industry Association, and other industry experts and professors, as well as leaders from upstream and downstream cooperative enterprises in the industry chain such as Liu Huiran, General Manager of Shanghai Hehui Optoelectronics, and Xuan Jingquan, Chairman and General Manager of Jilin OLED, along with over 100 experts from Japan and South Korea, securities guests, and media reporters attended the completion ceremony.

        At 8:28 AM on the 20th, the OLED Shanghai factory was filled with distinguished guests, and everything shone brightly as the completion ceremony of the new factory officially began. During the ceremony, Chairman Xuan Jingquan delivered an important speech, Deputy District Mayor Zhai Jinguo made an important speech on behalf of Jinshan District, and Liang Xinqing, Executive Vice Chairman and Secretary-General of the Liquid Crystal Branch of the China Optical and Optoelectronic Industry Association, and Liu Huiran, General Manager of Hehui Optoelectronics, delivered speeches on behalf of industry experts and upstream and downstream cooperative enterprises.

General Manager's Speech

        Chairman Xuan Jingquan warmly welcomed all the leaders, guests, and friends attending the completion ceremony on behalf of the company, and expressed heartfelt thanks and sincere greetings to all parties who support and care for OLED. Chairman Xuan Jingquan stated that OLED was born out of epoch-making technological progress and flourished due to the prosperity of the national optoelectronic industry. The company has been deeply engaged in the optoelectronic materials industry for 18 years, with the mission of solving "bottleneck" technologies and promoting "domestic substitution," and insists on following the path of "specialized, refined, distinctive, and innovative" development. Currently, the company's OLED materials and evaporation source products have been applied to major mainstream panel manufacturers, holding an advantageous position in the industry. The successful completion of OLED's new factory in Shanghai fully reflects the company's technological strength and determination for development. In the future, the company will continue to closely follow the construction goals of Jinshan District's "Two Zones and One Fortress," continuously deepen its roots in this fertile ground of innovation and entrepreneurship in Jinshan, and strive to promote the new factory to achieve production and effectiveness as soon as possible, injecting strong momentum into the strategic emerging industries of Jinshan District. The company will continue to focus on the industry, gather strength for development, and provide higher quality products and services for major domestic mainstream panel manufacturers with a higher starting point and stricter standards, fully promoting the process of "domestic substitution," and working hand in hand with upstream and downstream partners to write a new chapter in the high-quality development of China's new display industry!

Deputy Mayor Zhai Jinguo's Speech

        Deputy Mayor Zhai Jinguo warmly congratulated the completion of the company's Shanghai factory. In his speech, Deputy Mayor Zhai pointed out that OLED, as one of the earliest enterprises supported by national projects to produce organic light-emitting materials, has been deeply engaged in the new display industry for many years and holds an advantageous position in the industry. He was very pleased to see such a high-quality enterprise thriving and bearing fruit in Jinshan. The industrialization of high-performance organic light-emitting materials for AMOLED with an annual output of 10,000 kilograms and the R&D project for AMOLED light-emitting materials, which were completed this time, are not only a milestone event in OLED's development history but will also inject strong momentum into Jinshan District's goal of becoming a highland for the new display industry in the Yangtze River Delta and domestically. In the future, Jinshan District will continue to promote the iterative upgrade of the business environment and provide more precise and powerful services to support OLED's healthy development.

Deputy Chairman and Secretary-General Liang Xinqing's Speech

        Deputy Chairman and Secretary-General Liang Xinqing stated that the total investment in China's new display industry has exceeded 1.5 trillion yuan, making it the largest panel production base in the world, with the largest industry scale globally. However, some key materials and core equipment still rely heavily on imports, and the development of the industry chain is not sufficiently coordinated. In recent years, under the guidance of national industrial policies, Chinese enterprises, universities, research institutes, and other units have made significant achievements in solving the localization of core materials and equipment in the new display industry. Taking OLED as an example, its R&D achievements in key materials and core equipment such as organic light-emitting materials, flexible packaging materials, PSPI materials, and evaporation source equipment have achieved significant breakthroughs in domestic substitution with the active cooperation of downstream customers, and various products independently developed and produced by OLED have already achieved large-scale industrial application.

General Manager Liu Huiran's Speech

        General Manager Liu Huiran pointed out that OLED is an important supplier and close partner of Hehui Optoelectronics. As early as 2014, Hehui Optoelectronics signed an OLED materials cooperation agreement with OLED, and since then, the cooperation between the two parties has become increasingly close and continuously expanded. Over the past ten years, whether in overcoming difficulties in the technical field or in steadfast support for supply assurance, OLED has demonstrated outstanding strength and full respect for its partners, and has been able to interpret "integrity" and "reliability" through practical actions. He is very pleased to see the successful completion of OLED's new factory in Shanghai. In the future, Hehui Optoelectronics and OLED will continue to maintain close cooperation, jointly promote the development and application of OLED technology, achieve mutual benefits and win-win results, and work together to change the visual world, bringing more and better products and services to global consumers.

        Subsequently, Secretary Liu Jian, Deputy Mayor Zhai Jinguo, Secretary-General Liang Xinqing, General Manager Liu Huiran, Chairman Xuan Jingquan, and 10 other important guests jointly opened the scroll of the completion ceremony of OLED's Shanghai new factory, warmly celebrating the factory's completion and launch. Over a hundred distinguished guests witnessed another milestone moment in OLED's development history. Shouldering a glorious mission and carrying earnest expectations, OLED will surely rise with the light on the road to revitalizing the national optoelectronic industry, shining brilliantly.

Completion and Launch Ceremony of OLED's Shanghai New Factory

        After a group photo, Chairman Xuan Jingquan accompanied the guests to visit the OLED Shanghai factory.

        In recent years, against the backdrop of rising "anti-globalization" sentiments and trade protectionism, accelerating the technological breakthroughs and localization processes of key materials and core equipment in the upstream of OLED displays has become urgent. The annual output of 10,000 kilograms of AMOLED optoelectronic materials project in Shanghai OLED is another significant industrial layout of Jilin OLED Optoelectronic Materials Co., Ltd. in Shanghai, following the evaporation source project of Shanghai Shengxi Optoelectronic Technology Co., Ltd. The total investment of the project is 767 million yuan, covering an area of 90 acres, and is expected to achieve an annual revenue of 800 million yuan after reaching production, which can realize the localization of key materials in the upstream of OLED.

        In the future, OLED will take the completion and commissioning of the new factory in Shanghai as a new starting point, adhere to focusing on the OLED industry, continuously expand technological and production capacity layouts, persistently tackle "bottleneck" technologies, promote "domestic substitution," and strive to make greater contributions to the high-quality development of China's new display industry chain.