According to the news from the official website of Shanghai Stock Exchange (SSE) on 23 December, SSE decided to terminate the review on IPO application on science and technology innovation board submitted by Yunnan OLiGHTEK Opto-Electronic Technology Co.,Ltd.

On 22 December, 2020, OLiGHTEK applied to SSE for withdrawal of its IPO application on science and technology innovation board. The company originally planned to raise RMB505 million (USD77.34 million) on science and technology innovation board of SSE and invest all funds in its "OLED microdisplay expansion production line construction project".