Guangdong Jiayuan Technology Co.,Ltd. (688388.SH) Plans to Invest 500 Million Yuan to Acquire Partial Equity in Endatong, Investment Involves Optical Module Industry

Stock News08-30

Guangdong Jiayuan Technology Co.,Ltd. (688388.SH) announced that the company plans to acquire partial equity in Wuhan Endatong Technology Co., Ltd. ("Endatong" or "Target Company") through equity transfer and capital increase, with a total investment amount of 500 million yuan. This includes 150 million yuan for equity transfer consideration and 350 million yuan for capital increase. Upon completion of the equity transfer and capital increase, the company will hold 13.5870% equity in the target company. After this investment is completed, the target company will not be included in the company's consolidated financial statements.

It is reported that Endatong is a high-tech enterprise engaged in the research, development, production and sales of optoelectronic devices in the optical communication field. Its products include high-speed optical modules, active devices, passive devices and other series of products. The target company of this external investment operates in the optical module industry, which represents a new business expansion for the company.

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