A wholly-owned subsidiary of Wanda Film conducted an capital increase on a subsidiary of Refond Optoelectronics

Jul 15, 2021

Recently, Tianjin Yinglifang Film Technology Co., Ltd., a wholly-owned subsidiary of Wanda Film (hereinafter referred to as “Yinglifang”), conducted an capital increase on Shenzhen Zhongkechuang Laser Technology Co., Ltd. (hereinafter referred to as “Zhongkechuang”), a subsidiary of Refond Optoelectronics. After the capital increase, the Yinglifang acquired 10% of the shares of Zhongkechuang and became the third largest shareholder of Zhongkechuang. At present, the relevant change procedures have been completed for the capital increase.

As a leader in the laser display technology industry, Zhongkechuang relying on the company's original embedded RGB direct coupling patent technology, occupies an important position in the field of high-end laser projection equipment. This capital increase will strengthen the strategic cooperation relationship between Zhongkechuang and Yinglifang , Concentrating the advantages of resources to complement each other, on the one hand, it will help Zhongkechuang’s product technological innovation capabilities and open up laser projection market channels, on the other hand, it will promote the upgrade of cinema screening perception, to provide new momentum for the continuous development of the strategic layout of Zhongkechuang on the laser projection market.