AUO Plans Energy Business Spin-off and Divestment to Enhance Operational Efficiency Through Corporatization

AI Summary (NQ-processed)

AUO Corporation announced on April 13, 2026, its board's approval to restructure its energy business. The plan involves spinning off the energy unit into Dayao Energy Technology Co., a wholly-owned subsidiary, with an effective date of August 1, 2026. Subsequently, AUO intends to divest its shares in Dayao Energy and related entities (AUO Energy, Zhengyao, Fengyao, AEUS, Zhaofeng Solar) to Xingyao Energy Investment Holding Co. for an enterprise value of NT$780 million for Dayao Energy and at least NT$80 million for other entities. Additionally, AUO's Xinghe Energy will sell its stakes in Senjin Power and Yongjin Power to Xingyao No. 2 Energy Co., Ltd. for NT$1.034 billion. These transactions aim to corporatize the energy business for focused operations and improved market competitiveness, subject to shareholder approval.