Simgoo Optical: Intends to transfer 100% equity of its wholly-owned subsidiary.

Sinohawk Optoelectronics announced that the company has signed an "Equity Transfer Intent Agreement" with Luxshare Precision, intending to transfer 100% equity of its wholly-owned subsidiary, Xinguang Energy Technology Co., Ltd. This transaction constitutes a related party transaction and is expected to not constitute a major asset restructuring. The final price for the transfer of equity will be determined through negotiation after completion of due diligence, audit, and evaluation procedures. If this transaction is successfully completed, it is expected to have a positive impact on the company.