2024.10.23
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 JunHe acting as the legal counsel to the Company.
Since its inception in February 2017, Lumilan has provided high-performance OLED core materials and technologies for the organic semiconductor industry. After years of development, the Company has established a full-stack technology platform for organic optoelectronic materials, significantly shortening the cross-field product R&D and mass production cycle. It is capable of providing complete materials and device solutions for domestic and international customers, which has helped the Company to stay ahead of the curve in the market. It has also contributed to breaking the foreign monopoly in OLED materials and achieving the localization of such materials.
Lumilan is a national level "little giant" enterprise. Its core technology team is led by the founding father of organic optoelectronics in China and composed of postdoctoral talents who have graduated from the Massachusetts Institute of Technology and the National University of Singapore. The Company has applied for over 300 patents related to OLED materials and has developed more than 20 materials that can be mass-produced. In particular, the red light-emitting materials developed by the Company have been applied in major panel factories in China. Its technology related to the main body of red light-emitting materials leads in the country.
The project was launched officially in April 2024. The JunHe 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 JunHe 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.
Partner CHEN, Xunan led the JunHe team and partner LI, Haifeng was responsible for the specific work of the project.
