BOE Achieved 12 Billion RMB Additional Stock Introduction

On June 8th, BOE officially announced that it successfully issued 5 billion A-share stocks in a non-public way, priced at 2.4 Yuan/share, raising fund of 12 billion RMB. All the raised money is planned for the construction of G6 TFT-LCD production line in Hefei and addition for corporate flowing capital, affiliating the pressure of financial insufficiency.

The successful share introduction in the period of global economic crisis not only lowered the capital debt level, bettered the financial structure, but also strengthened the independently innovative ability, and improve the core corporate competitiveness, thus playing an essential role in the future sound and quick development of BOE Group.