Gelonghui, March 4 | Vogue Optoelectronics (603773.SH) announced that since the company has recently acquired 70% of Hubei Tonggewei's shares held by Hubei Tianmen Hi-Tech Investment and has completed matters relating to the share transfer and settlement, up to now, Hubei Tonggewei has changed from a company participating company to a wholly-owned subsidiary of the company, as the implementing entity of the “1 million square meter chip board grade encapsulation board project”. The total investment amount of the project is estimated to be RMB 1215.64.23 million, including a construction investment of 86,0212,300 yuan to lay the foundation for working capital 35.433 million yuan. Up to now, the project has invested 117.8455 million yuan. The subsequent investment amount required for the project is estimated to be RMB 109,779.68 million.
The investment in this project is based on TGV technology independently developed by the company. The technology focuses on mass production applications of glass-based advanced packaging boards and next-generation semiconductor displays by superimposing the company's technical capabilities in the development of processes and materials such as glass-based thinning, double-sided multi-layer copper plating line stacking, insulating films, and massive through-holes. At present, in terms of glass-based semiconductor advanced packaging board products, several of the company's projects have been verified by customers, and mass production is feasible; in terms of next-generation semiconductor displays, with the company's breakthrough in TGV process technology capabilities, the company and well-known domestic companies jointly released the world's first glass-based TGVMicroLED display. This product uses a glass-based TGV carrier board launched by the company, which has promoted the commercialization of microLED displays. At present, the product has entered the mass production promotion and application stage.