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

AUO Corporation spokesperson Chang Po-yi announced at an online press conference hosted by the stock exchange on April 13, 2026, that the board of directors has approved a restructuring plan for its energy business's organization and investment structure. This plan aims to integrate internal and external energy-related resources. By corporatizing the energy business, it will be operated by a more specialized and focused platform, further enhancing operational efficiency and market competitiveness. Chang Po-yi stated that AUO plans to spin off its energy business to Dayao Energy Technology Co., a wholly-owned subsidiary of AUO, with the spin-off effective date projected to be August 1, 2026. Following the spin-off, AUO intends to dispose of its equity in Dayao Energy and related invested businesses to Xingyao Energy Investment Holding Co. The transaction targets include all shares of Dayao Energy, AUO Energy, Zhengyao, Fengyao, AEUS (AUO Green Energy America Corp.), and Zhaofeng Solar. He noted that the estimated disposal amount for Dayao Energy is an enterprise value of NT$780 million, with the combined disposal amount for the remaining transaction targets being no less than NT$80 million. Furthermore, AUO's Xinghe Energy plans to dispose of its equity in Senjin Power and Yongjin Power to Xingyao No. 2 Energy Co., Ltd., with an estimated disposal amount of NT$1.034 billion. AUO clarified that the execution of the first and second cases regarding the energy business spin-off and disposal is contingent upon the approval of AUO's shareholders' meeting. AUO stated that it has long been deeply involved in the energy sector, encompassing solar power plant investment, energy management, and related services. As the energy transition enters a new phase of scaling, capitalization, and integration, AUO aims to corporatize its energy business through this adjustment, allowing it to operate under an independent structure, focus on operations and performance, and further enhance its integrated benefits. Dayao Energy will assume all existing business operations and contractual relationships of AUO's original energy business. Existing customer services, supply arrangements, and cooperation rights will remain unaffected, including original overseas cooperation projects, ensuring stable continuity of cross-border projects and uninterrupted service.