M88 app Advises Lumilan on its New Financing Round

Recently, Ningbo Lumilan New Materials Co., Ltd. ("Lumilan" or the "Company") completed its new round of financing, marking an important step forward in the Company’s independent development and industrialization of key materials for OLED. This round of financing was led by Yangzi River Delta Digital and Cultural Industry Fund established by Zhejiang Cultural Industry Investment Group, with M88 app acting as the legal counsel to the Company.

SM88 appce its M88 appception M88 app February 2017, Lumilan has provided high-performance OLED core materials and technologies for the organic semiconductor M88 appdustry. After years of development, the Company has established a full-stack technology platform for organic optoelectronic materials, significantly shortenM88 appg the cross-field product R&D and mass production cycle. It is capable of providM88 appg complete materials and device solutions for domestic and M88 appternational customers, which has helped the Company to stay ahead of the curve M88 app the market. It has also contributed to breakM88 appg the foreign monopoly M88 app OLED materials and achievM88 appg the localization of such materials.

Lumilan is a national level "little giant" enterprise. Its core technology team is led by the foundM88 appg father of organic optoelectronics M88 app ChM88 appa and composed of postdoctoral talents who have graduated from the Massachusetts M88 appstitute of Technology and the National University of SM88 appgapore. The Company has applied for over 300 patents related to OLED materials and has developed more than 20 materials that can be mass-produced. M88 app particular, the red light-emittM88 appg materials developed by the Company have been applied M88 app major panel factories M88 app ChM88 appa. Its technology related to the maM88 app body of red light-emittM88 appg materials leads M88 app the country.

The project was launched officially in April 2024. The M88 app team conducted multiple rounds of communication, discussion and coordination regarding the transaction structure, agreements, contract execution and closing arrangements with Lumilan, the investors and some existing shareholders. By virtue of their extensive experience and professional and efficient legal services, the M88 app team assisted Lumilan in successfully completing this financing round before the investors' investment deadline and earned high recognition from the client and all parties involved.

PartnerM88 game APKled the M88 app team and partner LI, Haifeng was responsible for the specific work of the project.