HK Stock Market Move | ARTS OPTICAL (01120) rose by over 26%, with the stock price nearly doubling within the month. The company intends to collaborate with partners to jointly develop smart eyewear and other products.

ARTS OPTICAL (01120) rose by over 26%, with the stock price nearly doubling within the month. As of the time of writing, it increased by 26.43% to 1.77 Hong Kong dollars, with a turnover of 3.116 million Hong Kong dollars. On the news front, on December 27, 2024, at the SHENZHEN INT'L Eyewear Expo, DaPeng VR and Hong Kong ARTS OPTICAL Group officially signed a strategic cooperation agreement to jointly develop the global AI eyewear market. This cooperation is not limited to the Yavision Group, but will also include its German Stepper eyewear brand. The two parties will work together to create smart glasses with stylish appearance, high-quality sound, ultra-high-definition imaging capabilities, and multi-modal AI capabilities. Furthermore, in a recent announcement, ARTS OPTICAL noted the unusual fluctuations in stock price and trading volume. The company stated that it has entered into a framework agreement with potential partners to collaborate on the development of smart glasses and optical accessories related to virtual reality. Negotiations to finalize the framework agreement are in the preliminary stages and may not necessarily result in a formal agreement, with further announcements to be made at the appropriate time.