In a recent announcement, Lens Technology revealed its intention to fully acquire (i.e., purchase 100% of the equity) PMG International Co., LTD. (also known as Pei Meigao International Co., Ltd.) from Lu Songshou (LEU, SONG-SHOW), utilizing cash and other legally permissible methods. This strategic move is poised to rapidly equip Lens Technology with established technologies and customer certifications in the server cabinet sector. These certifications and technologies encompass components such as racks, slide rails, trays, and Busbars, catering to specific clientele both domestically and abroad. Additionally, the acquisition will grant Lens Technology access to cutting-edge integrated capabilities for liquid cooling systems.

This development is expected to foster a high degree of complementarity and synergy with Lens Technology's existing prowess in precision structural component manufacturing and its vertically integrated capabilities that span from 'materials to modules to complete systems.' Such integration will substantially bolster the company's core competitiveness within the AI computing hardware solutions domain. Moreover, it will serve as a robust catalyst for Lens Technology's foray into the burgeoning field of AI computing infrastructure, expediting its transformation into a premier global AI hardware innovation hub.