On May 21, 2020 (U.S. time), the U.S. International Trade Commission (the “ITC”) instituted a Section 337 investigation based on the patent infringement complaint filed on April 21, 2020 by Sharp Corporation (hereinafter “Sharp”) against Xianyang CaiHong Optoelectronics Technology Co., Ltd (“CHOT”), TPV Technology Limited and its subsidiaries (“TPV”), and VIZIO, Inc.

Sharp has demonstrated to the ITC that its complaint was properly filed and an investigation should be instituted. Sharp’s complaint shows significant, continuous investments in the liquid crystal display (“LCD”) market in the United States. Therefore, Sharp is asking the ITC to protect its rights from infringers of Sharp’s patents and to issue a limited exclusion order barring infringing CHOT products, and devices using infringing CHOT products, from entry into the United States, and a cease and desist order preventing CHOT and other defendants from advertising and selling infringing devices and products in the United States.

Sharp requests the ITC to bar all CHOT products of all panel sizes, including 70” panels, that practice Sharp’s asserted patents. Sharp expects the final decision from the ITC to be made before the conclusion of the patent litigation filed by Sharp on March 10, 2020 against CHOT and other defendants in the U.S. District Court of the Central District of California.

Sharp has made, and continues to make, substantial investments in the LCD market and has been recognized as a pioneering innovator. Sharp will continue to take all necessary actions to protect its global intellectual property rights against all infringers.