CONANT OPTICAL (02276) has announced plans to invest RMB 180 million to participate in the latest funding round of Lingban Technology (Hangzhou) Co., Ltd. The investment will be used to subscribe for ordinary shares, representing no more than 5% of Lingban Technology's total equity post-financing. The funds for this investment will come from the company's internal resources.
The move aims to deepen CONANT OPTICAL's strategic presence in the smart glasses sector, enhance synergies across the industry chain, and strengthen collaboration with leading enterprises. Lingban Technology, a unicorn in human-computer interaction and augmented reality in China, has established its Rokid brand smart glasses over a decade, maintaining a leading position in the domestic consumer smart glasses market. CONANT OPTICAL has already initiated business cooperation with the company.
Leveraging the group's global production capacity and rapid delivery capabilities, the partnership between the two parties is expected to deepen further. This investment marks a significant milestone in the group's development of new smart glasses business. Against the backdrop of national initiatives to advance "new quality productive forces" and "AI-plus," the board believes that, drawing on over two decades of technical expertise and recent in-depth collaborations with major smart glasses manufacturers globally, the company will further solidify its leadership in ophthalmic solutions for the smart glasses industry, creating long-term value for shareholders.
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