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According to the announcement, the partner Shenchao Company mainly represents the Shenzhen Municipal Government as a carrier for supporting the development of integrated circuits and new flat panel display devices. The total investment of Huaxing Optoelectronics Project is as high as 24.5 billion yuan. As of June 14, 2013, Huaxing Optoelectronics has received a total of 5.101 billion yuan of entrusted loans from Shenchao for the construction of the project. According to the capacity assessment report issued by a third-party professional organization, Huaxing Optoelectronics has reached the capacity required by the project preferential policies. condition.
It is understood that after the second phase of the project is completed for three consecutive months, it will reach 90,000 pieces of glass substrates per month. After the actual production capacity is evaluated by professional institutions, it will be approved by Shenchao Company and approved by Shenzhen Municipal People's Government. The debt formed by the loan is exempted.
TCL Group said that the exemption of the entrusted loan obtained by Huaxing Optoelectronics is in fact a deep preferential policy for the company to perform on behalf of the government, which is in line with the unpaid and conditional characteristics of the government subsidy. According to the relevant regulations, the entrusted loan exemption belongs to a government subsidy and is included in the current profit and loss. The above matters will have a positive impact on the business performance of Huaxing Optoelectronics.
TCL Group is expected to increase the revenue of Huaxing Optoelectronics in 2013 by approximately RMB 380 million (calculated from June 14, 2013). The specific amount is still required to be finalized by the auditing organization during the annual audit.
As the company has signed a contract to acquire 30% equity of Shenchao in Huaxing Optoelectronics (the relevant announcement was issued on May 2, 2013), after the completion of the acquisition of this part of the equity, the financial impact of the above matters on the company will be included in the merger according to 85%. Financial Statements. 
TCL Group subsidiary Huaxing Optoelectronics' 5.1 billion debt was exempted
TCL Group announced that on June 14th, the company received the notice of Shenzhen Shenchao Technology Investment Co., Ltd. (Shenzhen Shenchao Technology Investment Co., Ltd.) on the exemption of Huaxing Optoelectronics Entrusted Loan from Shenzhen Shenchao Technology Investment Co., Ltd. (hereinafter referred to as Shenchao Company). . Shenchao Company agreed to waive the debt of 5.10 billion yuan of Huaxing Optoelectronics' 8.5th generation TFT-LCD project, and will cooperate with Huaxing Optoelectronics to handle related procedures such as mortgage cancellation.