On August 18, the central government issued an opinion to support Shenzhen in building a pilot demonstration zone for socialism with Chinese characteristics. The introduction of the opinion is a major development opportunity for Shenzhen, as well as for our LED display industry. China's LED display has contributed more than 80% of the world's production capacity. In the world LED display market, there is a saying that "the world's LED display looks at China", and Shenzhen is the most mature area of China's LED display industry chain. There is also a saying in the screen industry that "China's LED displays look at Shenzhen".

On August 18, the central government issued an opinion on supporting Shenzhen in building a pilot demonstration zone for socialism with Chinese characteristics. The opinions issued by the central government will prompt Shenzhen to usher in a second historic development opportunity.

The first historic development opportunity for Shenzhen was 40 years ago on August 26, when the Shenzhen Special Economic Zone was established. Shenzhen grew from a little-known fishing village into a leading special economic zone, and became a first-tier city on par with Beijing, Shanghai and Guangzhou. The second historic development opportunity is the announcement of the "Opinions of the Central Committee of the Communist Party of China and the State Council on Supporting Shenzhen to Build a Pilot Demonstration Zone of Socialism with Chinese Characteristics" (hereinafter referred to as the "Opinions") on August 18. It will be built into a "global benchmark city".

The introduction of the opinion is a major development opportunity for Shenzhen, as well as for our LED display industry.

First of all, the opinion clearly states that by the middle of this century, Shenzhen will be built into a "global benchmark city". The construction of "Global Benchmark City" as the LED display industry industry chain to perfect Shenzhen, China's LED display industry will have a higher exposure in the world, which will be more conducive to Chinese LED display companies to expand the global market.

Secondly, the opinion proposes to study and improve the issuance and listing, refinancing, merger and reorganization systems of the ChiNext Board, and create conditions to promote the reform of the registration system. In the future, with the construction of a "global benchmark city", Shenzhen will further improve the capital market, and more and more capital channels will emerge. More capital intensity can provide more financing channels for the LED display industry.

Thirdly, the opinion proposes to build a city model under the rule of law. To create a stable, fair, transparent and predictable international first-class legal business environment, a good legal business environment will have a good role in promoting the construction of the entire LED display ecological environment. A good legal business environment can cultivate the spirit of LED display enterprises to do business with a sword. In China, when the legitimate rights and interests of LED display companies are violated, having a good legal environment is more conducive to LED display companies to take up legal weapons to protect their legitimate rights and interests.

The overseas market of the LED display industry is the continuation and deepening of the domestic market. The LED display industry is influenced by the environment of learning laws and usage in China. When its own legitimate rights and interests are violated in the international market, it can be more leisurely to use international laws to maintain own rights.

The LED display industry is faced with huge development opportunities but also with certain challenges. With the continuous development of Shenzhen's economy, Shenzhen has developed into a creative capital where high-tech industries gather. The continuous convergence of many high-tech industries has also continued to increase the cost of rent, labor, and land in Shenzhen. Affected by operating costs, many manufacturing companies have moved out of Shenzhen. For example, Huawei's production base was moved from Shenzhen to Songshan Lake, Dongguan, and a large production base was set up as an example. In the future, with the continuous acceleration of Shenzhen's economic construction, the policy of vacating cages for birds will also continue to advance. As a manufacturing LED display industry, many LED display companies will face the same choice in the future. For enterprises in the LED display industry, taking the future road of LED display is a question that every business leader must think about.

The central government supports Shenzhen to build a pilot demonstration zone of socialism with Chinese characteristics. Opportunities and challenges coexist. In general, opportunities outweigh challenges. The LED display industry must seize the new development opportunities of the LED display industry and continuously promote the development of the LED display industry. .

China's LED display industry must also adapt to the needs of future development, and promote the continuous upgrading of China's LED display industry from made in China to made in China. Only in this way can China's LED display have more right to speak in the future world display market.