HK Stock Market Move | CONANT OPTICAL (02276) rose by more than 4% in early trading and has signed a memorandum of cooperation with a leading global technology company in the smart eyewear sector.

CONANT OPTICAL (02276) rose by over 4% in the morning session. As of the time of writing, it had increased by 2.64% to 50.7 Hong Kong dollars with a trading volume of 1.2 billion Hong Kong dollars. On the news front, on April 22nd, CONANT OPTICAL announced a milestone breakthrough in the field of smart glasses optical solutions. After years of joint research and development, validation and preparation, the company has signed a legally binding memorandum of cooperation with a globally leading technology company in the field of smart glasses. This memorandum, based on a previous cooperation framework agreement, detailed the long-term production cooperation for a key smart glasses project, including the company's production capacity, volume and duration of the project, equipment list and investment amount, priority supply terms, as well as customer-related order commitments. The signing of this memorandum of cooperation signifies that the company has been designated as the core lens supplier for the main smart glasses products of the global smart glasses leading enterprise. Combined with the entry of several domestic large customers' AR smart glasses projects into mass production, the company's optical solutions and technological capabilities for smart glasses, especially AR smart glasses products, have been fully recognized by domestic and foreign technology and consumer electronics companies.