Optowide Technologies (688195.SH) plans to establish a subsidiary in Kunshan with a registered capital of 35 million yuan to integrate the layout of AR consumer optical business.

Optowide Technologies (688195.SH) announced that the company plans to subscribe for a capital injection of RMB 35 million in Kunshan City to establish a wholly-owned subsidiary named Tengjing Vision Technology (Kunshan) Co., Ltd. (referred to as "Kunshan Subsidiary") using its own funds or self-raised funds. The Kunshan Subsidiary will set up branches in Nanjing to legally and compliantly take over all assets, rights, debts, business, technology, personnel, and other related rights and obligations of the company's Nanjing branch. Additionally, the Kunshan Subsidiary will establish a branch in Fuzhou to legally and compliantly take over some assets, business, and personnel related to AR consumer optical products, forming a synergistic operating model of "Kunshan manufacturing + Nanjing research and development + Fuzhou supporting". The company will focus on the field of optical communication, fully relying on the key layout of the company in the "upstream crystal materials - midstream optical components/modules - downstream equipment" industry chain to seize opportunities in the continuous growth of global AI computing demand. This will advance the continuous development and expansion of the core business of optical communication, further enhancing the quality of enterprise management. Based on focusing on core business, the establishment of the Kunshan Subsidiary through external investment aims to integrate resources for the research, production, and sales of AR consumer optical products, achieving centralized and specialized operations. Leveraging the industrial supporting facilities, location, and policy advantages in Kunshan, the company will accelerate the industrialization of AR near-eye display optical modules, further enhancing its business layout and sustainable development capabilities.