China Display Optoelectronics Establishes Partnerships with Multiple International First-tier Brands

Enters the Brands� Direct Supply Chain to Strengthen Long-term Development

 

HONG KONG, CHINA - Media OutReach - 30 January 2019 - China Display Optoelectronics Technology Holdings Limited (“Ch Display Opt” or the “Company”,
together with its subsidiaries, the “Group”; HKSE stock code: 334) has been striving to
deepen its cooperation with Wuhan China Star Optoelectronics
Technology Co., Ltd. (“Wuhan CSOT”, ????????????), the fellow subsidiary of the Group,  so as to win first-tier brand customers
through the one-stop business model that combines panel and module from both
parties. After the Group
moved into the supply chain of brand customer Xiaomi with Wuhan CSOT in 2017, the Group has made satisfying progress in customer
development. Together with Wuhan CSOT, the Group has built partnerships with a number of
first-tier brand customers, including Samsung, Huawei, Vivo and Oppo, and thus
established a solid and strong customer base.

 

According
to All View Cloud, global
smartphone shipments for the fourth quarter of 2018 remained basically level
year-on-year with a slight increase. However, Wuhan CSOT benefited from the
strong growth in customer base and achieved an outstanding performance: its shipment volume of LTPS panel reached
24.8 million units, ranking the third and the second worldwide and nationwide,
respectively, with the fastest growth rate globally. Since Wuhan CSOT commenced the mass production of its 6th
generation LTPS panel line in 2016, it has established stable and mutually
beneficial partnerships with multiple well-known brand customers at home and
abroad in just over two years.

 

The Group has been leveraging the momentum brought by
Wuhan CSOT to deepen the synergies generated
by the vertically integrated supply chain. In order to meet the
customers’ demand for smart products, the
Group has initiated active research and development of new products
and technologies to strengthen its core competitiveness. The Group is also
dedicated to exploring the feasibility of venturing into other new businesses,
for example, making a foray into the Internet of Things ecosystem to develop a
variety of display products, so as to lay a solid foundation for future
operation development.

The
Management of Ch Display
Opt said, “Given that the market share in the global smartphone industry has become
increasingly concentrated, the Group will continue to strengthen its synergy
with Wuhan CSOT by leveraging
its progressively advanced panel production techniques and deepening
partnerships with a large number of first-tier brand customers, in order to
propel the long-term and stable development of the Group.”

About
China Display Optoelectronics
Technology (334.HK)

Headquartered in China, China Display
Optoelectronics Technology Holdings Limited (HKSE stock code: 334) is one of
the major providers of small-to-medium-sized display modules in the region. Ch
Display Opt engages primarily in the research and development, manufacturing,
sales and distribution of LCD modules mainly for handheld mobile devices on an
ODM basis. Smartphone LCD module products of Ch Display Opt are welcomed by
domestic and overseas manufacturers with sales volume ranking among the top.

 

For more
information, please visit its website at www.cdoth8.com.