MeiG Smart Technology (03268) plans to invest 70 million yuan to establish a joint venture company, focusing on AI data center optical communication business.

MeiG Smart Technology (03268) announced that on September 4, 2026, the company, Zhaoge Chuangye, and Xingyuan Optoelectronics signed a shareholders' agreement, whereby the parties agree to establish a joint venture in Shanghai, China. The joint venture is expected to have a registered capital of 100 million yuan, with the company, Zhaoge Chuangye, and Xingyuan Optoelectronics contributing 70 million yuan, 20 million yuan, and 10 million yuan, respectively. As the AI industry shifts from model training to inference applications, the demand for computing power and optical interconnects in AI data centers continues to grow. Based on the research and confidence in the future development of the optical interconnect industry for AI data centers, and to facilitate the company's expansion from the wireless communications field to the optical communications field, achieving comprehensive technical and product layouts at both the edge and data center sides, the parties to the joint venture plan to jointly invest in establishing the joint venture, leveraging the advantages of the company's listed platform, the Zhaoge Chuangye team, and the technological strengths of Xingyuan Optoelectronics. The direction of technical and product cooperation for the joint venture is as follows: 1. Develop optical devices, optical engines, and related modules and subsystems based on various optical chips, including high-end indium phosphide laser chip developed by Xingyuan Optoelectronics; 2. Integrate core resources such as supply chain chips (DSP) based on the optical chips and other available optical chip resources developed by Xingyuan Optoelectronics, to carry out research, design, packaging, and manufacturing of optical communication modules for data centers. Establishing the joint venture based on the company's platform as a listed entity will further enhance the company's core competitiveness.