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The registered capital of Dongjing New Materials is planned to be 60 million yuan, of which Dongjing Optoelectronics will invest 42 million yuan, accounting for 70% of the total registered capital, and will be the controlling shareholder; Xu Liang will contribute 5 million yuan in cash to evaluate its technology. The capital contribution was 8 million yuan, accounting for 21.67% of the total registered capital; Liu Zhongyu invested 5 million yuan in cash, accounting for 8.33% of the total registered capital.
According to the announcement, Dongjing New Materials will be mainly engaged in research and development, production and sales of sapphire materials, substrate sheets, semiconductor devices and optoelectronic devices, and import and export of goods and technologies.
The company said that the smooth implementation of the company's investment will introduce advanced LED substrate technology, realize the industrialization of LED substrate, and drive the overall breakthrough of the company's industrial planning, in line with the company's overall development strategy, for the company in the LED field. Opening up new development space, improving the company's profitability and market competitiveness, and achieving sustainable development are in the interests of the company and all shareholders. 
Dongjing Electronics fitting new materials company to introduce LED substrate technology
Dongjing Electronics (002199) announced on the evening of November 28 that Zhejiang Dongjing Optoelectronics Technology Co., Ltd. ("Dongjing Optoelectronics"), a wholly-owned subsidiary of the company, plans to jointly establish Zhejiang Dongjing New Materials Co., Ltd. with natural persons Xu Liang and Liu Zhongyu. (referred to as "Dongjing New Materials").