Conant Optical (02276): Hong Kong Goertek plans to acquire no more than 42.8 million shares of the company.

CONANT OPTICAL (02276) announced that the company will issue new H shares to Hong Kong Gierk Tech Limited (underwriter). The company has been informed by the underwriter that after the issuance is announced, they have entered into negotiations with several existing shareholders (excluding the company's controlling shareholders) to acquire a certain number of existing shares. As of the date of this announcement, the underwriter conditionally agrees to purchase up to 42.8 million shares from existing shareholders. If all of these purchases are completed, the underwriter will hold a total of 96.125 million shares after the issuance. The completion of these purchases depends on certain conditions and may not necessarily all be completed. The final number of shares acquired from existing shareholders and the proposed completion time have not been determined by the underwriter. On December 28, 2024, the company and the underwriter signed a conditional joint commitment agreement, which will take effect after the completion of the issuance. According to this agreement: (1) the underwriter has committed to the company that for a period of 36 months from the date of completion of the subscription or purchase of the total of up to 96.125 million shares, the underwriter will not sell the shares acquired without the prior consent of the company, except in certain special circumstances; (2) the company agrees that as long as the underwriter holds at least 10% of the company's issued share capital, it will make every effort to have the nominee appointed as a non-executive director and (if applicable) remove the said non-executive director after being notified by the underwriter (subject to all applicable laws and regulations, including but not limited to the Hong Kong Stock Exchange Listing Rules).