Lianchuang Optoelectronic's controlling shareholder adjusts pledge as company eyes aerospace JV

Jiangxi Lianchuang Optoelectronic Science & Technology announced its controlling shareholder, Jiangxi Provincial Electronic Group Co., Ltd., re-pledged 1,340,000 shares, representing 1.41% of its holdings and 0.30% of the company's total share capital, for production and operations. Following this, the electronic group's cumulative pledged shares total 75,732,839, accounting for 79.94% of its holdings and 16.70% of the company's total share capital.

Concurrently, the company is investing ¥24m in Ziyang Commercial Aerospace Industrial Operations Company (tentative name), holding a 30% stake. This joint venture, with a total registered capital of ¥80m, aims to leverage high-temperature superconducting magnet technology for commercial aerospace electromagnetic launch. The investment is considered a related party transaction.

The board of directors approved the joint investment on September 5, 2025. This move aligns with the company’s strategic development, promoting synergistic growth of superconducting technology across various applications.