Xinshiyuan completed nearly 200 million yuan in B+ round of strategic financing

As early as 2021, Xinshiyuan released its first self-developed Micro LED chip-Tianmu III-010-A; in 2022, Xinshiyuan successfully lit up single-red Micro QLED products and single-green Micro QLED products. On June 20, 2022, Xinshiyuan released two Micro OLED silicon-based micro-display chips. In August of the same year, it launched the ultra-bright "Xinshi Tianmu III" Micro LED display module with a resolution of 1920*1080, a brightness of 100,000+nit, and 256 grayscale. With its outstanding performance in the field of micro-display, Xinshiyuan has attracted much attention from capital. In November 2021, Xinshiyuan officially announced the launch of the B+ round of strategic financing. The amount of financing is nearly 200 million yuan, mainly used for the construction of LCoS module scale packaging production lines and the expansion of the R&D team. Recently, Xinshiyuan's official WeChat revealed that the company is about to complete this round of financing and related transactions have entered the delivery stage.