On October 17th, Appotronics made a public announcement regarding its signing of the "Cooperation Agreement for the Joint Laboratory between Appotronics and Shenzhen Technology University" with Shenzhen Technology University. The two entities will come together to establish the "Appotronics-Shenzhen Technology University Joint Laboratory," with the shared goal of engaging in collaborative research and development (R&D) within the highly advanced realm of semiconductor lasers. This agreement is set to remain in effect for a duration of six years. Throughout this period, Appotronics anticipates contributing financial support of up to, but not exceeding, RMB 6 million to the joint laboratory.