Advanced Fiber Resources updates on major asset acquisition

Zhuhai Advanced Fiber Resources Co., Ltd. (Advanced Fiber Resources) announced ongoing progress in its significant asset acquisition and related fundraising. The company plans to acquire 100% of Suzhou Agile Optical Technology Co., Ltd. from six transaction parties, including Zhang Guanming and Suzhou Xunnuo Investment Partnership, through a combination of share issuance, convertible corporate bonds, and cash payments. Additionally, Advanced Fiber Resources plans to raise supporting funds by issuing shares to up to 35 specific investors.

The transaction, initially disclosed on August 12, 2025, constitutes a related party transaction and a major asset reorganization. As of the announcement date, audit, valuation, and due diligence activities are proceeding as planned, with transaction terms still under negotiation. The company emphasizes that final approval by the board, shareholders, and relevant regulatory bodies remains uncertain.

Advanced Fiber Resources will continue to issue progress updates every 30 days until the shareholder meeting is convened to deliberate on the transaction. Investors are advised to monitor the company's disclosures on the Juchao Information Network for further information.