Woguang Optoelectronics plans to raise no more than 1.5 billion yuan through private placement.

Wog Optoelectronics announced that it plans to issue A shares to specific targets to raise funds of no more than 1.5 billion yuan, with the number of shares issued not exceeding 67.0432 million. The net proceeds from the fundraising, after deducting issuance expenses, are intended to be used for the glass-based Mini LED display backlight module project, supplementing working capital, and repaying bank loans.