Zhaochi Co., Ltd.: Regarding the application of MicroLED in expanded fields such as optical communication, it is currently in the sample validation and testing stage.

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People’s Financial News, March 15 — Zhaochi Co., Ltd. (002429) announced on March 15 that there has been abnormal fluctuation in its stock trading. The company’s stock price has deviated by more than 20% in cumulative closing prices over three consecutive trading days. The company has noted that market attention to MicroLED-related concepts is high. The company’s main business remains unchanged. Regarding the application of MicroLED in fields such as optical communication, the company is currently in the sample verification and testing stage and will not have a substantial impact on its operating performance in the short term. Recently, the company’s production and operations are normal, and there have been no significant changes in its business conditions or internal and external operating environments.

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