Core Viewpoint - Goer Group (歌尔股份) has announced the termination of its acquisition plan for 100% equity of Mega Precision Technology Limited and Channel Well Industrial Limited for 10.4 billion HKD (approximately 9.5 billion RMB) due to failure to reach consensus on key terms with the counterpart [2][4][6]. Group 1: Acquisition Termination - The company actively pursued the acquisition, conducting due diligence, audits, and evaluations, but could not agree on critical terms with the transaction counterpart [4][6]. - The acquisition was initially aimed at strengthening the company's competitiveness in the precision components sector and enhancing vertical integration capabilities [5][6]. - The decision to terminate the acquisition was made to protect the legal rights of the company and its shareholders after careful consideration and friendly negotiations with the counterpart [4][6]. Group 2: Future Strategic Direction - The company plans to continue its strategic objectives and will pursue various operational management activities, including organic growth and diversified investments and acquisitions, to promote long-term healthy development [7]. - Goer Group is also focusing on enhancing its competitiveness in wafer-level micro-nano optical devices, supporting future developments in AI smart glasses and AR technology [9][10]. Group 3: IPO Progress - Goer Microelectronics, a subsidiary of Goer Group, has submitted its second listing application to the Hong Kong Stock Exchange this year, with several financial institutions acting as joint sponsors [11]. - The company reported projected revenues for 2022, 2023, 2024, and the first three months of 2025, amounting to approximately 3.121 billion RMB, 3.001 billion RMB, 4.536 billion RMB, and 1.120 billion RMB, respectively [11]. - Goer Microelectronics is positioned as the fifth largest provider of smart sensing interaction solutions globally, with a market share of 2.2% and has shipped over 5 billion sensors [13].

Core Viewpoint - The transaction aims to enhance the core competitiveness of Goer Optical Technology Co., Ltd. in the field of wafer-level micro-nano optical devices, supporting future developments in AI smart glasses and AR technology [1][2] Group 1: Transaction Details - Goer Optical plans to acquire 100% equity of Shanghai Aolai Micro-Nano Optics Co., Ltd. and Shanghai Aolai Micro-Nano Optoelectronic Information Technology Co., Ltd. through a capital increase of 529.511488 million yuan [1] - After the transaction, Goer Optical's registered capital will increase from 1,059.022976 million yuan to 1,588.534464 million yuan, and the company's shareholding in Goer Optical will decrease from 56.6560% to 37.7707% [1][3] Group 2: Strategic Benefits - The merger will allow Goer Optical and Shanghai Aolai to complement each other's strengths, significantly enhancing Goer Optical's competitive edge in the micro-nano optical device sector [2] - The capital increase will alleviate Goer Optical's financial pressure for independent investments and help accelerate the establishment of mature production capacity in relevant fields [2] Group 3: Financial Implications - If Goer Optical is no longer included in the company's consolidated financial statements, the accounting method for the investment will shift from the cost method to the equity method, potentially resulting in an investment income of approximately 2 billion yuan at the time of the transaction [3]

Core Viewpoint - The company, GoerTek Inc. (歌尔股份), announced a strategic move to enhance its core competitiveness in the field of wafer-level micro-nano optical devices, particularly for future developments in AI smart glasses and AR (augmented reality) products [1] Group 1 - GoerTek plans to acquire 100% equity of Shanghai Aolai Micro-Nano Optics Co., Ltd. and Shanghai Aolai Micro-Nano Optoelectronic Information Technology Co., Ltd. through a capital increase of 530 million yuan [1] - Following the completion of this transaction, GoerTek's shareholding in GoerTek Optics will decrease to 37.7707% [1]

Core Viewpoint - The company is planning a share transaction involving its subsidiary, Goer Optical Technology Co., Ltd., to enhance its competitiveness in the micro-nano optical device sector and support future developments in AI smart glasses and AR technology [2][3][10]. Group 1: Transaction Overview - The share transaction is currently in the planning stage and involves Goer Optical potentially acquiring 100% of the shares of Shanghai Aolai Micro-Nano Optics Co., Ltd. and Shanghai Aolai Optoelectronic Information Technology Co., Ltd. through a share issuance [3][10]. - After the transaction, Shanghai Aolai is expected to become a wholly-owned subsidiary of Goer Optical, with the original shareholders of Shanghai Aolai holding approximately one-third of Goer Optical's shares [3][10]. - The transaction does not constitute a related party transaction or a major asset restructuring as defined by relevant regulations [2][3]. Group 2: Target Company Information - The target companies, Shanghai Aolai Micro-Nano Optics Co., Ltd. and Shanghai Aolai Optoelectronic Information Technology Co., Ltd., are engaged in the manufacturing and development of optical and optoelectronic devices [7][8]. - Shanghai Aolai Micro-Nano Optics has a registered capital of 250 million yuan, while Shanghai Aolai Optoelectronic has a registered capital of 100 million yuan [7][8]. Group 3: Purpose and Impact of the Transaction - The transaction aims to strengthen Goer Optical's core competitiveness in the micro-nano optical device field, particularly in light waveguide technology, which is crucial for the development of AI smart glasses and AR products [10][11]. - By acquiring Shanghai Aolai, Goer Optical can alleviate financial pressures associated with independent investments and accelerate the establishment of mature production capacity [11]. - The company will remain the largest shareholder of Goer Optical post-transaction, allowing it to leverage its resources in the AI smart glasses and AR sectors to enhance collaborative growth [11][12]. Group 4: Financial Implications - Following the transaction, the company's ownership stake in Goer Optical may drop below 50%, potentially leading to Goer Optical no longer being included in the company's consolidated financial statements [12]. - If Goer Optical is excluded from the consolidated financials, the accounting treatment of the company's shares in Goer Optical will shift from the cost method to the equity method, which is expected to positively impact the company's net profit for the period of the transaction [12].

Core Viewpoint - The company, GoerTek, is enhancing its core competitiveness in the field of wafer-level micro-nano optical devices by acquiring 100% equity of Shanghai Aolai through a share issuance, which will support its future development in AI smart glasses and AR technology [1][2] Group 1 - GoerTek has signed a memorandum of understanding to acquire 100% equity of Shanghai Aolai Micro-Nano Optics and Shanghai Aolai Micro-Nano Optoelectronic Information Technology [1] - After the transaction, Shanghai Aolai is expected to become a wholly-owned subsidiary of GoerTek, with original shareholders of Shanghai Aolai holding approximately one-third of GoerTek's shares [1] - The original shareholders of GoerTek will retain about two-thirds of the shares, ensuring that GoerTek remains the largest shareholder [1] Group 2 - The transaction aims to create synergies between GoerTek and Shanghai Aolai, significantly enhancing GoerTek's core competitiveness in the micro-nano optical device sector [2] - By acquiring Shanghai Aolai, GoerTek can alleviate funding pressures associated with independent investments and accelerate the formation of mature production capacity in relevant fields [2] - Post-transaction, GoerTek's shareholding ratio may drop below 50%, potentially excluding it from the consolidated financial statements of the company [2]

Core Viewpoint - The company announced a memorandum of understanding to acquire 100% equity of Shanghai Aolai through a share issuance, aiming to enhance its core competitiveness in wafer-level micro-nano optical devices and support future developments in AI smart glasses and AR technology [1] Group 1 - The acquisition will result in Shanghai Aolai becoming a wholly-owned subsidiary of the company [1] - The original shareholders of Shanghai Aolai will hold approximately one-third of the equity in the company post-transaction [1] - The original shareholders of the company will retain about two-thirds of the equity, maintaining the company as the largest shareholder [1]