A display panel according to an embodiment has a first region and a second region beside the first region, and includes a top substrate, a bottom substrate and a display layer disposed between the top and the bottom substrate. The top substrate comprises a support plate having an outer surface, a patterned light shielding layer disposed on the outer surface of the support plate and located within the first region, and a patterned anti-reflective layer disposed on the outer surface of the support plate and being blank at the first region. The patterned light shielding layer of the display panel may be formed on the outer surface of the support plate via a wet process and may be patterned with sharp edges and good linearity to provide the desirable light shielding effect.