On December 24, Gelonghui reported that Shenzhen Sunnypol Optoelectronics (002876.SZ) announced that its affiliated company, Hubei Shenzhen Sunnypol Optoelectronics Co., Ltd. (hereinafter referred to as "Hubei Shenzhen Sunnypol"), intends to acquire the equity and related assets and services of the LCD polarizer business held by Sumitomo Chemical Co., Ltd. (hereinafter referred to as "Sumitomo Chemical") and its controlled affiliated enterprises (hereinafter collectively referred to as "Sumitomo Group"). The relevant transaction agreement is planned to be signed on December 25, 2024.
The target of this transaction is part of the LCD polarizer business of Sumitomo Group, mainly including 100% equity of Xuyu Electronic Materials Technology (Wuxi) Co., Ltd. (hereinafter referred to as "Xuyu Wuxi"), 100% equity of Sumitomo Chemical North China Electronic Materials Technology (Peking) Co., Ltd. (hereinafter referred to as "Sumitomo Peking"), as well as some related assets and services. After the completion of the transaction, the acquired assets will be operated by the holding subsidiary of Hubei Shenzhen Sunnypol, which is Liyou Optoelectronics, and will not be included in the company's consolidated financial statements.
