Zhongji Innolight boosts global strategy with subsidiary incentives, capital injection

Zhongji Innolight has approved an equity incentive plan for its controlled subsidiary, Chongqing Jungge Electronic Technology Co., Ltd. This plan involves increasing Jungge Electronic's registered capital by 9,213,800 yuan to incentivize its management and core technical personnel, with a total investment of 32,248,300 yuan. The plan aims to enhance the subsidiary's capabilities in ultra-sonic radar and vision sensors, with performance targets for 2026-2028.

Separately, Zhongji Innolight's wholly-owned subsidiary, VINCREST HOLDINGS PTE. LTD., is participating in a $517 million capital increase for TeraHop Pte. Ltd., alongside other investors including INFIEVO Holding Pte. Ltd. and Platinum Orchid B 2018 RSC Limited. This investment, which also includes a transfer of shares, will maintain Zhongji Innolight's ownership at 67.70% in TeraHop. The capital will support TeraHop's capacity expansion, R&D, and daily operations in overseas markets.

The company also announced its fourth extraordinary general meeting for 2025, to be held on December 9, 2025, to vote on the capital increase for TeraHop. Additionally, Zhongji Innolight is engaging in cash management, having purchased a 1,000,000 yuan Galaxy Securities income certificate with a floating yield of 1.55%-1.65%.