TPV's acquisition of Philips TV business has been achieved

Great Wall Computer released a notice on the progress of the subsidiary TPV Technology through its subsidiary MMD to acquire the shares of the joint venture company and some of Philips' TV business.

On April 2, 2012, Great Wall Computer subsidiary TPV Technology issued a progress announcement on its proposed transaction with Philips, stating that all the conditions precedent to this acquisition have been fulfilled and the acquisition was on April 1, 2012. carry out. In the meantime, the terms and conditions of the Supplemental Agreement do not constitute a material change in the provisions of the Sale and Purchase Agreement. The terms and conditions of the Supplemental Agreement do not constitute a material change to the terms of the Sale and Purchase Agreement.

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