On September 1, 2025, Hengmei Optoelectronics Co., Ltd. completed the acquisition of Samsung SDI's polarizer business through its subsidiary Hengxin Optoelectronics. The acquisition includes all of Samsung SDI's polarizer-related assets, including production lines, business operations, personnel, and over 1,000 intellectual property items in both South Korea and China, with a transaction value of approximately 112.1 billion KRW. This marks Hengmei Optoelectronics as the world's largest polarizer manufacturer in terms of production capacity and represents a crucial step in its global strategic layout.

As early as September 2024, Hengmei Optoelectronics and Noyan Capital jointly signed a formal agreement with Samsung SDI to acquire its polarizer business assets. After initiating the acquisition, Hengmei Optoelectronics, in collaboration with Noyan Capital, established a dedicated acquisition team comprising elite members from core departments such as strategy, legal, finance, human resources, technology, and operations. They comprehensively planned and efficiently advanced the complex pre-closing procedures.

Significance of the Acquisition

1. Technological and Capacity Enhancement

Samsung SDI is a globally renowned display materials company with core competitiveness in polarizer business research and development, quality control systems, and international customer networks. After the acquisition, Samsung SDI's OLED low-power technology and stringent quality standards will be integrated with Hengmei's ultra-wide process and automated equipment solutions. This will drive the polarizer products towards "high-end and diversified" upgrades, especially in emerging fields such as automotive displays and flexible displays. Moreover, by integrating global production bases in Cheongju, Wuxi, Kunshan, and Fuzhou, Hengmei Optoelectronics will further optimize its overall production capacity utilization and delivery cycle.

2. Market Landscape Restructuring

This acquisition will further consolidate China's core position in the global display industry chain. After the acquisition, Hengmei Optoelectronics' annual polarizer production capacity is expected to increase by about 100 million square meters, rising to second place in the global polarizer company capacity ranking, just behind Sankin. With the construction and implementation of Hengmei Optoelectronics' ultra-wide production lines, it is expected that by 2026, Hengmei Optoelectronics will become the world's largest polarizer producer in terms of capacity, jointly leading the global polarizer market landscape with Sankin Optoelectronics, which is also in the first tier.

3. Industrial Resource Integration

Hengmei Optoelectronics stated that the integration is not a simple addition of businesses but an optimization and reorganization of global polarizer industry resources. Based on respecting Samsung SDI's technological accumulation and team culture, Hengmei Optoelectronics will inject innovative vitality and scaled advantages to create greater value for customers.

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