On April 8, Gelonghui (301568.SZ) announced that in order to bind strategically important terminal product links in the field of machine vision inspection and invest in industrial chain-related and complementary fields, the company plans to invest 36 million yuan in Shenzhen Sitan Technology Co., Ltd. (“Sitan Technology”) to participate in the subscription of Sitan Technology with an additional registered capital of 526,600 yuan, accounting for 1.94% of Sitan Technology's shares after this capital increase.

Established in 2018, Sitan Technology is a national-level specialized and new “little giant” enterprise specializing in R&D, production and sales of microLED semiconductor display technology. It has a provincial engineering technology research center. Its main products include microLED light-emitting chips, driver chips and display modules, which can provide one-stop microLED technology solutions in the fields of AR/XR, wearable devices and in-vehicle displays. The company has deep technical reserves and innovative capabilities in the field of microLED technology. At present, it has established complete technical barriers around microLED chip technology, driver chip design, module packaging and full color, and has a strong competitive advantage.