Strengthen Synergies with Shenzhen CSOT with Production Line Certified by Prominent Client
CHINA - Media OutReach - 14 September 2018 - China Display Optoelectronics Technology Holdings Limited("Ch Display Opt" or the "Company", together with its subsidiaries, the "Group"; HKSE stock code: 334) is pleased to announce that the production line operated by China Display Optoelectronics Technology (Huizhou) Co., Ltd., a wholly-owned subsidiary of the Company, has passed the qualification requirements of one of the world's leading smartphone manufacturers, and is qualified to produce display module products to be used in the end products of the said smartphone manufacturer.
As a part of the Group's sustained efforts in strengthening cooperation with Shenzhen China Star Optoelectronics Technology Co., Ltd ("Shenzhen CSOT"), the qualification of the Group's production line will enable it to expand its end customer base. It is estimated that orders from the new end customer will account for approximately 10-20% of the Group's overall sales in 2018, bringing positive impact to the future development of the Company in the long run.
The Management of Ch Display Opt said, "The cooperation with the renowned smartphone client signifies a major achievement between the Group and Shenzhen CSOT in seeking synergies and pursuing new customers. The Group will continue to strengthen synergies with Shenzhen CSOT to utilize its connection to establish business relationships with top-tier corporations and reputable customers to foster the long-term stable development of the Group."
About China Display Optoelectronics Technology (334.HK)
Headquartered in China, China Display Optoelectronics Technology Holdings Limited (HKSE stock code: 334) is one of the major providers of small-to-medium-sized display modules in the region. Ch Display Opt engages primarily in the research and development, manufacturing, sales and distribution of LCD modules mainly for handheld mobile devices on an ODM basis. Smartphone LCD module products of Ch Display Opt are welcomed by domestic and overseas manufacturers with sales volume ranking among the top.