Stock Code: 002587 Stock Abbreviation: AOTO Electronics
Shenzhen AOTO Electronics Co., Ltd.
Feasibility Analysis Report on the 2026 Plan for Issuing Shares to Specific Targets via Simplified Procedure
August 2026
[Image: AOTO logo]
Shenzhen AOTO Electronics Co., Ltd. (hereinafter referred to as "AOTO Electronics," "the Company," or "the Company") is a company listed on the Main Board of the Shenzhen Stock Exchange. To meet the needs of the Company's business development and the implementation of its operating strategy, and to further enhance its capital strength and profitability, the Company, in accordance with the Company Law of the People's Republic of China, the Securities Law of the People's Republic of China (hereinafter referred to as the "Securities Law"), the Administrative Measures for the Registration of Securities Issuance by Listed Companies (hereinafter referred to as the "Administrative Measures for Registration"), and the Articles of Association of Shenzhen AOTO Electronics Co., Ltd. (hereinafter referred to as the "Articles of Association") and other relevant laws, regulations, and normative documents, proposes to issue shares to specific targets via a simplified procedure to raise total funds not exceeding RMB 265 million. After deducting issuance expenses, the funds will be used to invest in the Micro LED COB smart manufacturing upgrade construction project, the smart visual technology R&D center construction project, and the global brand and headquarters operations center construction project.
(Unless otherwise specified in this report, relevant terms have the same meanings as defined in the "2026 Plan of Shenzhen AOTO Electronics Co., Ltd. for Issuing Shares to Specific Targets via Simplified Procedure").
I. Background and Purpose of This Issuance
(I) Background of This Issuance
- Multidimensional expansion of smart visual application scenarios and continuous market capacity growth
Downstream applications of smart visual technology are showing a multi-point growth pattern. In the film production field, LED cinema screens are accelerating the replacement of traditional projection equipment due to their high brightness, high contrast, and seamless advantages, with cinema screening demand continuing to be released. XR/VP virtual studios, relying on "what you see is what you get" real-time shooting capabilities, significantly reduce the costs of location construction and post-production synthesis. As global content production evolves toward digitalization and virtualization, the market penetration rate of XR/VP virtual studios is rising rapidly. In the new retail field, chain stores are transforming from traditional operations to digitalization and intelligence, with interactive large screens, digital human guides, and visual store inspection systems becoming key to solving pain points such as complex SKUs, cross-regional management, and data fragmentation. In the live streaming and digital content field, live e-commerce, group broadcasting, and corporate press conferences have spurred demand for low-cost, easy-to-deploy XR+AI live streaming solutions. In the immersive cultural tourism and commercial fields, projects such as naked-eye 3D, dome screens, and CAVE spaces are driving customer demand to shift from single screen procurement to full-chain services covering sound, light, electricity, structural design, and system integration.
- LED display technology is accelerating its evolution toward micro-pitch and integration, driving smart visual products into a technology upgrade cycle