Fiberlake Technologies revealed in an official Announcement that it plans to purchase a 99.97% stake in Suzhou Agile Photonics Technology Co., Ltd. This stake is currently jointly held by five parties: Zhang Guanming, Suzhou Xunnuo, Liu Xiaoming, Du Wengang, and Yu Zhuangcheng. The acquisition will be executed through a multifaceted approach, involving the issuance of shares, convertible corporate bonds, and a cash payment, culminating in a total transaction value of RMB 1.64 billion. Additionally, Fiberlake Technologies has outlined plans to issue shares to a maximum of 35 designated investors, aiming to raise up to RMB 800 million in matching funds (supporting funds).

This transaction is categorized as a major asset restructuring and a related-party deal. However, it is important to note that it does not fall under the category of a restructuring for listing purposes. Fiberlake Technologies is a company dedicated to the design, research and development, manufacturing, sales, and after-sales service of fiber laser equipment, optical communication devices, and LiDAR light source modules. On the other hand, the target company, Suzhou Agile Photonics Technology Co., Ltd., is primarily engaged in the research and development, production, and distribution of optical passive devices within the optical communication industry.

Both entities share a common ground in the optical communication sector, with overlapping core business areas. Once the transaction is finalized, Fiberlake Technologies will attain controlling equity in the target company. This strategic move will pave the way for significant synergy and mutual complementarity between the two companies in terms of product offerings, production capabilities, technological innovation, and customer base.