PAN-CHINA
天健
Add: 1366 Qianjiang Road, Hangzhou, China
Website: www.pccpa.cn
Explanation of Financial Matters Regarding Shenzhen Luxshare High-Tech Co., Ltd.'s Application for Specific Object Stock Issuance Inquiry
Tianjianhan [2026] 7-149
Shenzhen Stock Exchange:
We acknowledge receipt of the "Inquiry Letter on Financial Matters Regarding Shenzhen Luxshare High-Tech Co., Ltd.'s Application for Specific Object Stock Issuance" (Inquiry Letter [2026] 120044) forwarded by China Merchants Securities Co., Ltd. We have prudently reviewed the financial matters mentioned in the Inquiry Letter regarding Shenzhen Luxshare High-Tech Co., Ltd. (hereinafter referred to as Luxshare High-Tech or the Company) and hereby report as follows.
I. Regarding the uncertainties of the fund-raising investment project
Based on the main construction content, application scenarios, and current sales status of the corresponding products of the fund-raising investment project, explain the differences, connections, and synergies between this fund-raising investment project and the existing business, and whether it is an investment in the main business; considering the large total investment scale of the MED project, explain whether the investment scale is matched with the issuer's capital strength, financing capacity, operating scale, and market demand; whether the issuer has the corresponding personnel, technology, patent reserves, sales channels, customer acquisition, etc.; based on whether the pilot test and customer verification of the fund-raising products have been completed, explain whether there are major uncertainties in the implementation of the project. (Inquiry Letter Question 1(1))
(1) Based on the main construction content, application scenarios, and current sales status of the corresponding products of the fund-raising investment project, explain the differences, connections, and synergies between this fund-raising investment project and the existing business, and whether it is an investment in the main business.
- Main construction content of this fund-raising investment project
The total amount of raised funds for this specific object stock issuance by the Company shall not exceed RMB 2.5 billion, and after deducting issuance expenses, it will be fully used for the "Micro-cavity Electronic Paper Display Device (MED) Project" (hereinafter referred to as the MED Project) and to supplement working capital. Among them, the main construction content of the MED Project is to build a new production line for the MED Project on the basis of renting existing industrial plants and supporting facilities from the local government, covering the production processes of driver backplanes, reflective color films, encapsulation,
box assembly, module assembly, and integrated touch display, etc. After the project is completed, the annual production capacity will be 180,000 square meters of glass substrates per month, producing products with sizes ranging from 7.8 inches to 55 inches of micro-cavity display screens (including integrated touch display products, with a monthly output of 3.2 million pieces for a representative size of 12.3 inches, or 500,000 pieces for a representative size of 31.2 inches).