Leit EP (688150.SH) intends to expand new business through its holding subsidiary Leit Kuashi, focusing on the high-end electronic materials sector.

Wisdom Finance APP News, Lite Optoelectronics (688150.SH) announced that the company plans to launch new business through its controlling subsidiary Shaanxi Lite Quasi Stone Material Co., Ltd. (referred to as "Lite Quasi Stone"), focusing on the high-end electronic materials field, mainly engaged in research and development, production, and sales of quartz fiber electronic cloth (referred to as "Q cloth"). As of the date of the announcement, Lite Quasi Stone has completed the formation of its core team and is in the stage of business planning and capacity building.