Guizhou Space Appliance (002025.SZ) plans to acquire a 32.7% stake in Jiangsu Ore to efficiently implement industry planning and layout.

Guizhou Space Appliance (002025.SZ) announced that it plans to use its own funds of 56.93331 million yuan to acquire 32.7023% equity of Jiangsu Oulei Optoelectronics Co., Ltd. ("Jiangsu Oulei") held by China Oulei Group Limited ("China Oulei"). After this equity acquisition, the company will hold 96.5370% of Jiangsu Oulei's equity, while the original shareholder of Jiangsu Oulei, Zhenjiang Runqiao Investment Partnership Enterprise (Limited Partnership), will hold 3.4630% of Jiangsu Oulei's equity. Since Guizhou Space Appliance's investment in and control of Jiangsu Oulei in 2016, it has gradually gained core technology in defense field optical module products and achieved market breakthroughs with continuous increase in product orders. In order to seize market opportunities and further expand the business development space of defense field optical products, the company aims to address the business qualification application obstacles faced by its controlled subsidiary Jiangsu Oulei due to its equity structure, as well as the situation where the original shareholder China Oulei Group Limited does not continue to invest high-quality resources to support Jiangsu Oulei's industrial development. After this acquisition is completed, the company will be able to more efficiently implement its industrial planning layout and continue to carry out internal resource integration, enhancing the market competitiveness of the company's system integration interconnect integrated solutions, and promoting the high-quality development of the optoelectronics business.