Securities Code: 002387 Securities Abbreviation: Viss Technology Announcement No.: 2026-050
Viss Technology Co., Ltd. Announcement on Uncovered Losses Reaching One-Third of Paid-in Capital
The Company and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and that there are no false records, misleading statements, or significant omissions.
Viss Technology Co., Ltd. (hereinafter referred to as the "Company" or "this Company") held the thirty-second meeting of the Seventh Board of Directors and the twelfth meeting of the Seventh Audit Committee on April 28, 2026. The "Proposal on Uncovered Losses Reaching One-Third of Paid-in Capital" was reviewed and approved. This matter still needs to be submitted for review by the Company's shareholders' meeting. The specific matters are hereby announced as follows:
I. Overview
According to the standard unqualified audit report issued by Gongzheng Tianye Certified Public Accountants (Special General Partnership) Su Gong W[2026]A642, as of the end of 2025, the Company's uncovered losses (consolidated statements) were RMB -12,166,396,915.59, and the paid-in capital was RMB 1,396,796,043.00. The amount of the Company's uncovered losses exceeded one-third of the total paid-in capital.
II. Reasons for Losses
(I) Industry Situation
The Company focuses on AMOLED business. The new display industry it is in is an important part of the electronic information industry and the foundation of China's strategic emerging industries. It is also one of the most dynamic industries, with a global industry scale exceeding 100 billion US dollars. According to CINNO Research statistics, global market shipments of AMOLED smartphone panels in 2025 were approximately 920 million units, a year-on-year increase of 4.7%. According to Omdia data, the penetration rate of AMOLED panels in the global smartphone market in 2025 has exceeded 50% and will continue to increase. By 2032, the compound annual growth rate of AMOLED panel shipments for IT products is expected to reach 25%, and the compound annual growth rate of AMOLED panel shipments for automotive displays is expected to reach 30%.