Union Optech updates on acquisition of Changyi Optoelectronics, funding plan

Zhongshan Union Optech Co. Ltd. has issued a progress announcement regarding its preliminary plan to acquire 100% of Dongguan Changyi Optoelectronics Co. Ltd. through a share issuance, while also raising supporting funds. The transaction involves purchasing shares from 12 parties, including Wang Jinping and Yin Haiming. Union Optech's stock was suspended on May 20, 2025, and resumed trading on June 4, 2025, following the disclosure of the preliminary plan.

Since the preliminary plan was disclosed, Union Optech and related parties have actively pursued the necessary work, including appointing intermediaries and conducting audit, appraisal, and due diligence efforts. These processes are underway, and the company is coordinating with transaction parties to finalize details. The company has not identified any new factors that could lead to the transaction's withdrawal or substantial changes.

The proposed transaction remains subject to approval by Union Optech's board of directors and shareholders, as well as review by the Shenzhen Stock Exchange and registration with the China Securities Regulatory Commission. Union Optech will continue to provide updates in accordance with regulatory requirements.