Portfolio News | Xinmei Material's "Collaborating for Brilliance, Flourishing in Harmony" Project Delivery Ceremony was held successfully

January 23, 2025 — Xinmei Material's "Collaborating for Brilliance, Flourishing in Harmony" Project Delivery Ceremony was successfully held at Digital Exhibition Center in Fuzhou. This event brought together government officials, industry associations, partners, transaction counterparties, intermediaries, and media representatives to witness the milestone in China's display industry supply chain empowerment.

Led by Nuoyan Capital, Xinmei Materials has acquired LG Chem’s optical functional film business, including production lines, intellectual property, and core personnel. The assets originated from decades of technical expertise and legacy in polarizer materials developed by LG Chem.

The transaction has received approvals from relevant Chinese and South Korean government authorities and was officially closed. Amid the global shift of optoelectronic display manufacturing capacity from Japan and South Korea to China, the industry faces urgent challenges in reducing reliance on imported upstream materials. Accelerated localization is imperative. This successful acquisition will enhance Xinmei Materials’ industrial influence and further advance China’s display industry chain by strengthening supply chain resilience, filling technological gaps, and consolidating core competencies.

▲ Xinmei Material Chairman Christina Lee

▲ Kim Dongchun, Vice President of LG Chem

▲ Lan Wen, Member of Fuzhou Municipal Government Leading Party Members Group, Deputy Secretary of Fuzhou New Area Party Working Committee, and Director of Fuzhou New Area Administrative Committee

▲ Ouyang Zhongcan, Academician of the Chinese Academy of Sciences and Theoretical Physicist

▲Liang Xinqing, Secretary-General of the China Liquid Crystal Association

▲ Nuoyan Capital’s Investment Director Quan Da

▲ Nuoyan Capital Partner Jason Wu