HK Stock Market Move | ARTS OPTICAL (01120) has risen by over 5%, and has signed a framework agreement with potential partners to collaborate on the development of smart glasses and other products.

ARTS OPTICAL (01120) rose by more than 5%, surged over 64% on heavy trading volume yesterday. As of the time of writing, it has increased by 5.41%, trading at 1.56 Hong Kong dollars, with a turnover of 1.6134 million Hong Kong dollars. In terms of news, ARTS OPTICAL announced that it noticed unusual fluctuations in its share price and trading volume yesterday. After conducting all appropriate inquiries into the situation, the board of directors is not aware of any reasons for the unusual fluctuations in the share price and trading volume, nor are there any insider information required to be disclosed under Part XIV A of the Securities and Futures Ordinance of Hong Kong. The board of directors hereby informs the shareholders and potential investors that the group has entered into a framework agreement with a potential partner to collaborate on the development of smart glasses and virtual reality-related optical accessories. Negotiations on the implementation of this framework agreement are still in the preliminary stages and may not necessarily result in a formal agreement. The board of directors will make further announcements at the appropriate time.