Zhi Tong Cai Jing·2025-10-09 10:05Core Viewpoint - Sunny Optical Technology (02382) plans to transfer all equity of Shanghai Aolai to GoerTek Optical for approximately RMB 1.903 billion, aiming to enhance its capabilities in AI/AR optical business through a share swap agreement [1][2]. Group 1: Transaction Details - The share swap agreement involves Sunny Optical's wholly-owned subsidiaries and will result in GoerTek Optical changing its name to GoerTek Aolai Optical Technology Co., Ltd. after approval [1]. - After the completion of the share swap, Ningbo Aolai will hold approximately 30.00% of GoerTek Optical, while Ningbo Shunao and Ningbo Shuncheng will collectively hold about 3.33% [1]. - The agreement includes a capital injection of RMB 200 million each from Ningbo Aolai and GoerTek, leading to Ningbo Aolai owning approximately 31.31% of GoerTek Optical post-injection [2]. Group 2: Strategic Rationale - The board believes that the share swap and capital injection will enhance the competitive edge of GoerTek Optical in the fields of optical waveguides and other wafer-level micro-nano optical devices, particularly for AI and AR products [2]. - The global rapid development of AI and the increasing attention on new AI products, such as smart glasses and AR hardware, are expected to drive significant growth in these sectors over the coming years [2].