Leyard's 2023 Year in Review: Top 10 News Stories

* Leyard LED Displays Ranked No.1 in Global Market Share for 7 Consecutive Years

In 2023, Leyard Group achieved a new milestone in its intelligent display business segment (with the all-in-one LED displays experiencing a robust increase in revenue, created the world's largest indoor transparent sphere LED display for Anhui Science and Technology Museum) The display business division's orders represented over 85% of the total, solidifying Leyard's status as the world's leading pioneer in LED display product market share for 7 consecutive years.

* Micro LED production and sales thrive, as the Nobel Prize-winning "Quantum Dot" technology was brought into practical applications

Micro LED annual orders exceed 600 million RMB; Leyard and Saphlux, Inc. had jointly launched the world's first 4K 162-inch QLED quantum dot direct-display screen.

* Leyard Joins the Ranks of China's 500 Most Valuable Brands, Demonstrates Commitment to Social Responsibility

Leyard has officially entered the "China's 500 Most Valuable Brands" list for the first time, with a recorded brand value of RMB 21.276 billion, ranking 370th and securing the top position within the LED display industry. The company has also been granted a telecommunications business license for online data processing, distinguishing itself as the industry's first to acquire an information security service qualification, encompassing both software development and emergency response services. Furthermore, Leyard has consistently been recognized in prestigious listings such as the "Top 100 ESG Companies in China", "Top 100 ESG Leading Cases in China" and "Top 100 ESG Excellent Practice Cases in China". Maintaining its philanthropic endeavors, Leyard has been honored for the second consecutive year in both the "Top 500 Charitable Private Enterprises in China" and the "Top 500 Charitable Private Manufacturing Enterprises in China", with total contributions surpassing 70 million RMB.

* Establishing Global R&D and Intelligent Manufacturing Centers

Leyard has substantially broadened its product matrix, achieving full market coverage with its LED display offerings. And we had reaped significant rewards in the development of both software and hardware technologies, as well as in the creation of creative display (Leyard · Linso and JD.com Co-Create "Suspended Magic Box" Honored with the Platinum Award at the 2023 London Design Awards). With the expansion of production at the Micro LED Product Base, Leyard Slovakia Manufacturing Base, and NaturalPoint, Inc. factory, Leyard now operates 9 major global R&D hubs and 10 major production bases. Such expansion has facilitated a breakthrough in annual production value, exceeding 10 billion RMB, thereby fulfilling and bolstering the demands of the global sales network.

* Achieved Significant Milestones in AI and Virtual Reality Sectors

Leyard and its subsidiary Virtual Point, Inc. securing the fourth position in the "China VR Top 50" for the third year in a row. Virtual Point, Inc. had announced the release of its self-developed "LYDIA", a large-scale professional motion capture model, and introduced the beta version of Motive 3.1 and the OptiTrack 12-megapixel camera series. These innovations have contributed to the spatial computing required for the digital human torch lighting at the Hangzhou Asian Games and have been instrumental in the filming and production of notable films such as "The Three-Body Problem", "Creation of The Gods" and "Moscow Mission". Additionally, Leyard has collaborated with a multitude of partners, including Huawei Cloud and JD Technology, to co-create a thriving technological ecosystem.

* Belt and Road Initiative Spurs Sixty Percent Increase in AS&AF&LA Market Orders

Leyard has reported robust growth in its international business, Leyard Slovakia Manufacturing Base had recently undergone an expansion to increase production capacity, Leyard signed a memorandum of cooperation with the Saudi Investment Ministry and Saudi Engineering Holding Group. Additionally, We had established new branches in Dubai and Mexico, significantly accelerating our market penetration efforts across the Asia, Africa, and Latin America regions.

* Resurgence in the Cultural Tourism and Night Tour Market Orders

The Ministry of Culture and Tourism of China has announced a showcase of 20 exemplary cases of new immersive cultural tourism business models, Leyard has played a significant role, with nine major projects it was involved in being selected, thereby commanding a prominent share of the industry. Leyard's participation in the Zhuhai Chimelong project, the largest indoor amusement park in the world, has led to the creation of five world records. Moreover, Leyard has been instrumental in developing China's first immersive digital technology experience hall themed around the historic "Long March" in Guiyang, reinforcing its pioneering status in the integration of cultural and technological sectors.

* Serving as the Visual Effects Provider for the Hangzhou Asian Games and Chengdu Universiade

As the visual effects service provider for the third "Belt and Road" International Cooperation Summit Forum. Leyard has achieved a comprehensive portfolio of services for premier sporting events, known as the "Grand Slam" of sports event services. This includes the "A company served two successful editions of the Olympic Games" (Beijing 2008 Olympics and Beijing 2022 Winter Olympics), the "Double Universiades" (Shenzhen and Chengdu Universiades), and the "Double Asian Games" (Guangzhou and Hangzhou Asian Games, covering five competition zones, 20 sporting events, and servicing half of the event venues).

* Leyard Dominates with LED Cinema Screens as Market Demand Surges

As of the latest reports, Leyard has achieved a significant milestone with four of its self-developed LED cinema screens receiving the Digital Cinema Initiatives (DCI) certification. This achievement positions Leyard at the forefront of the industry, boasting the highest number of DCI-certified models, the most comprehensive product lineup, and the distinction of having the world's first Micro LED screen designed for both cinema and home use. These advancements have propelled Leyard to become the leading producer of LED cinema screens in global sales for the current year, in collaboration with LG.

* Significant Results from Digital Transformation, Substantial Increase in Operating Cash Flow

We had intensified the digital transformation, optimized organizational structures, and enhanced internal control management, while also increasing efforts in receivables collection and capital management. These initiatives had led to a significant boost in operating cash flow and a continuous improvement in financial indicators (marked decrease in bank loans, sustained reduction in debt ratio), laying a solid foundation for cost reduction, efficiency enhancement, and stable development in the upcoming year.

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