A transflective LCD panel includes a first substrate and a second electrode layer sandwiching a liquid crystal layer therebetween. Two first electrode layer are fabricated on the first substrate facing the second electrode layer. A metal layer fabricated on the first substrate is disposed between two of the first electrode layers. A spacer layer is fabricated on the second electrode layer in alignment with the metal electrode layer. Upon application of an operating voltage onto the liquid crystal layer, an electric field induced between the metal electrode layer and the space layer is smaller than that induced between the first and second electrode layers.