The invention provides a
transparent display panel and a manufacturing method thereof. The
transparent display panel includes a first dye and
liquid crystal absorption layer, a third dye and
liquid crystal absorption layer and a second display layer which is located between the first dye and
liquid crystal absorption layer and the third dye and liquid
crystal absorption layer; first dye molecules and first liquid
crystal molecules are arranged in the first dye and liquid
crystal absorption layer, and the
long axis directions of the first dye molecules are parallel to those of the first liquid crystal molecules; third dye molecules and third liquid crystal molecules are arranged in the third dye and liquid crystal absorption layer, and the
long axis directions of the third dye molecules are parallel to those of the third liquid crystal molecules; certain included angles are formed between the
long axis directions of the first dye molecules and the long axis directions of the third dye molecules. The
transparent display panel adopts a double-layer structure containing the dye and liquid crystal molecules, the
transmittance is high, the dark-state brightness is low, and the
contrast ratio is high; meanwhile, the VHR of a display area in the second layer is high, the quality of image displaying is good, so that the gray-level is capable of being adjusted to reach a good
display contrast ratio, and the transparent display panel has a relatively high response speed.