Tcl additional proposal awarded Li up to 400 million yuan

Lucho Tcl (000100.SZ) today issued a notice to invest in the construction of the 8.5-generation LCD panel (TFT-LCD) Production line project of the Non-public offering approved by the CSRC, the approval of the company's non-public offering of not more than 1.5 billion shares,　　The official reply shall be valid for 6 months from the date of approval of the issue. The issue of the net raise funds not more than 5 billion yuan, will be used to invest in huaxing photovoltaic LCD panel projects.　　TCL Group believes that this is the company to create a "lead the next 10 years," The complete industrial chain, for the construction of China's color TV industry's core competitiveness of the development strategy to lay a solid foundation.　　TCL chairman Li and company shareholder Huizhou Investment Holdings Limited will participate as strategic investors in the subscription, the subscription amount is 250 million ~4 billion and 300 million ~5 billion, and pledged the shares from the end of this non-public offering within 36 months from the date of the transfer. Tcl Group said that the company has the confidence and determination to do a good job in the 8.5-generation LCD panel production line project to achieve the company's strategic goal of the whole industry chain. At present, China Starlight by He Chengming, Chen Liyi, Kim led by nearly 200 of the international professional team has been formed, from talent and technology to ensure the smooth implementation of huaxing photoelectric project. Huaxing Photovoltaic project has successfully completed the Pile Foundation project, as planned in August 2011 to start trial production, the year four to achieve mass production, December 2012 to full production, the adoption of new technologies, new processes, is expected to achieve production capacity of the monthly processing glass substrate 120,000, annual output of 26 inches to 32 inches,　　The 46-inch and 55-inch LCD TV module is about 17.5 million, and most of the capacity will be digested by Tcl. At present, TCL Group based on led on the next generation of Internet television strategy is very clear. 8.5 Generation line of the smooth implementation, will effectively enhance the company's voice in the industry, by virtue of the company has been put into production of LCD module integrated machine, LED backlight module and other projects, the future competitiveness of the company's products will appear to improve.