Xgimi Technology's subsidiary Yibin Xgimi has received the second targeted development order from a customer.

Xgimi Technology (688696.SH) announced that its wholly-owned subsidiary, Yibin Xgimi Optoelectronics Co., Ltd. (hereinafter referred to as "Yibin Xgimi"), recently received the second development notification from a well-known domestic automotive head unit manufacturer (hereinafter referred to as the "customer") based on a confidentiality agreement, so the name cannot be disclosed. Yibin Xgimi will become the supplier of in-vehicle projection components for a certain project of the customer. Yibin Xgimi will strictly follow the customer's order requirements to complete the development, testing, production preparation, and delivery of specified products within the specified time. In November 2024, Yibin Xgimi received the first development notification from the customer, marking the beginning of a deep cooperation between the company and the customer. With its strong product and technology accumulation, the company successfully advanced its cooperation with the customer and quickly received the second development notification, further solidifying the close business relationship between the company and the customer, expanding the breadth and depth of cooperation. As of now, the company has received a total of 8 in-vehicle business development notifications, covering intelligent cockpits, intelligent headlamp components, and renowned domestic and foreign automotive industry chain enterprises. The company will continue to deepen its technological accumulation, innovate solutions, and maintain excellent production quality management, closely cooperating with customers, actively responding to their strategic plans and demands.