Arts Optical acquires additional 10% stake in target company

Arts Optical International Holdings Limited (HKEX:1120) announced that its indirect wholly-owned subsidiary will acquire an additional 10% equity interest in a target company for a total consideration of RMB11,200,000. The agreement, dated June 10, 2025, will increase Arts Optical's aggregate interest in the target company to 65%, while the Vendor will retain a 35% interest. The total consideration will be paid in installments, with the first payment representing 20% of the total. The acquisition is considered a connected transaction under the Listing Rules, but is exempt from circular and shareholder approval requirements due to its size. The target company's net assets as of December 31, 2024, were approximately RMB86,351,000. The company states that this acquisition aligns with its strategic shift towards lens division and overall margin enhancement.