AUO Peng Shuanglang: Promote the transformation process and accelerate the development of MicroLED

Peng Shuanglang, chairman of panel manufacturer AU Optronics, said on the 29th that the company will work hard to transform and no longer be just a panel factory. It hopes to achieve profits as soon as possible and pay dividends with surplus to reward shareholders.

AUO held a shareholders' meeting. Peng Shuanglang pointed out that profit has always been the company's operating goal. Although it has not been achieved in the past few years, the board of directors decided to distribute cash from capital reserves in February this year. He said that he hopes to pay dividends with surplus in the future and continue to create value for shareholders. He emphasized that the company has suffered losses for three consecutive years, and the management team has profit as its biggest goal. There is no excuse for losses.

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As for shareholders’ suggestions to increase the amount of capital reserve cash payments, Peng Shuanglang said that the board of directors has fully discussed and decided to distribute cash at NT$0.3 per share (the same below) and will not re-discuss the adjustment amount at the shareholders’ meeting. Peng Shuanglang also reiterated that AUO is actively developing micro light-emitting diodes (Micro LED). He pointed out that building an OLED panel factory requires more than 200 billion yuan, but a Micro LED factory only requires about 2 billion yuan, which has obvious cost advantages.

AUO explained that Micro LED has made clear progress in the fields of TV, information electronics and automobiles. It has been adopted by customers such as Samsung and Sony Honda Mobility. Samsung Micro LED TVs have been put on the market. Sony Honda Mobility is expected to launch an electric vehicle equipped with Micro LED front-end display in 2026.

In addition, AUO emphasized that the high transparency characteristics of Micro LED bring more special application scenarios. Its transparency is 50% to 1 times higher than other products, demonstrating other technologies. Incomparable advantages.