Core Viewpoint - The announcement details the public issuance of shares by the company's associate, Tongbao Optoelectronics, and the company's decision to authorize the sale of its shares in Tongbao Optoelectronics to enhance asset liquidity and financial stability [1][3]. Group 1: Tongbao Optoelectronics Listing Overview - Tongbao Optoelectronics will publicly issue shares at a price of 16.17 yuan per share and is set to be listed on February 26, 2026 [2]. - The company holds 2,350,000 shares of Tongbao Optoelectronics, representing 3.13% of its post-issue total share capital, with an estimated market value of approximately 37,999,500 yuan based on the issuance price [2]. Group 2: Impact of Listing on the Company - The investment in Tongbao Optoelectronics is classified as a non-trading equity instrument and will be measured at fair value, with changes recorded in other comprehensive income [3]. - The shares held by the company will have an unlimited selling period post-listing, and any gains or losses from market price fluctuations will be recorded in other comprehensive income, not affecting current profit or loss [3]. Group 3: Board Meeting Resolutions - The board approved a resolution to authorize the management to sell all or part of its shares in Tongbao Optoelectronics to improve asset liquidity and financial statement robustness [7][11]. - The board also approved an additional investment of 12 million euros in its Moroccan subsidiary, increasing the total investment to 18 million euros to enhance global competitiveness [11].