On July 3, QL New Material (300429.SZ) issued an announcement saying that the company's holding subsidiary Qiangli Yu Lei recently signed a "Laboratory Operation Cooperation Agreement" with LG Chem, and the parties agreed to jointly establish an OLED material evaluation laboratory.
The announcement shows that LG Chem has set up an OLED material evaluation laboratory to supply OLED materials to China's display panel factories. To this end, we have established a cooperative relationship with Qiangli Yulei. Qiangli Yulei leased the laboratory and commissioned Qiangli Yulei management laboratory to enhance the cooperation relationship between the two parties in the display panel business.
The announcement said that through the signing of this agreement, the two parties will become partners in the field of OLED materials, which will help give full play to the advantages of both parties, achieve complementary advantages, and achieve mutual benefit and win-win results.