HKC Corporation Limited Prospectus
1. Issuer's Statement
The China Securities Regulatory Commission and the exchange do not guarantee the authenticity, accuracy, or completeness of the issuer's registration application documents and disclosed information, nor do they make substantive judgments or guarantees regarding the issuer's profitability, investment value, or investor returns. Any contrary statements are false representations. According to the Securities Law, after the lawful issuance of shares, the issuer is responsible for changes in operations and earnings; investors must independently assess the issuer's investment value and make their own investment decisions, bearing the investment risks arising from changes in operations, earnings, or stock prices after the lawful issuance of shares.
2. Statement to Investors
1. Purpose of the Issuer's Listing
HKC Corporation is a leading Chinese technology company focused on the semiconductor display field, primarily engaged in the R&D, manufacturing, and sales of semiconductor display panels and smart display terminals. Its main products include various sizes and types of TV panels, IT panels, TV terminals, IT terminals, and various smart IoT terminals, widely used in consumer electronics, commercial displays, automotive electronics, industrial control, and smart IoT applications. With over 20 years of experience in the display field, the company has become a globally recognized comprehensive service provider of display solutions and is one of the top three large-size LCD panel manufacturers globally and one of the highest vertically integrated companies in the domestic display industry chain. According to data from Qunzhi Consulting, in 2024, the company ranked third in global TV panel shipment area, fourth in monitor panel shipment area, and third in smartphone panel shipment area; it ranked first in global shipments of 85-inch LCD TV panels, demonstrating a significant leading advantage in the ultra-large size display panel field. The company actively implements the strategy of becoming a manufacturing powerhouse, accelerates the cultivation of new productive forces, and aims to create a global display industry brand for China. Through continuous technological innovation, it seeks to "enrich human visual enjoyment," significantly contributing to consolidating China's global leading position in the display industry and enhancing its international influence. By conducting this IPO and listing, the company will further consolidate its competitive advantage in the semiconductor display field, enhance its global brand influence, increase investment in R&D for new display technologies such as OLED, Oxide, and Mini LED, improve existing technology levels and production capacity, enhance innovation capabilities, broaden financing channels, optimize financial structure, establish a sustainable financing platform for the future, improve corporate governance and operational capabilities, and share the results of high-quality development with investors, contributing greater value to the innovative development of the global display industry.
2. Establishment and Improvement of the Issuer's Modern Enterprise System
The company has established a legal governance structure composed of the shareholders' meeting, board of directors, and management in accordance with the requirements of the Company Law, Securities Law, and other relevant laws and regulations. It has formulated and improved its Articles of Association, rules for shareholders' meetings, and rules for board meetings, forming a standardized and sound governance system. The company has established a governance structure and modern enterprise system that meets the requirements for listed companies, ensuring that minority shareholders can fully exercise their rights.
3. Necessity of This Financing and Use of Raised Funds
The overview of the projects funded by this financing is as follows: