TCL Group (000100) announced on September 16 that the Shenzhen Economic and Information Commission issued a reply, agreeing that Shenzhen Shenchao Technology Investment Co., Ltd. will transfer its 30% stake in Huaxing Optoelectronics to TCL Group Co., Ltd. at a price of 3.182 billion yuan.

Huaxing Optoelectronics has obtained the “Approval Certificate of Foreign Investment Enterprises of the People's Republic of China” after the change.

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