On May 14, Beijing Gold Orange Technology Co., Ltd. (Stock Code: 688291) made an announcement stating its intention to acquire a 55% stake in Changchun Summit Optoelectronic Technology Co., Ltd. through a cash payment of RMB 178.75 million. The transaction, having received the board of directors' approval, is now pending shareholder ratification. Summit is renowned for its expertise in precision optoelectronic control products, primarily focusing on fast steering mirrors, and has diversified into areas like high-precision galvanometer systems. Its applications span across aviation detection, laser defense systems, and beyond.

Based on the evaluation, with December 31, 2025, set as the reference date, the book value of Summit's shareholders' total equity interests stands at RMB 56.2645 million. However, the assessed value, calculated using the income approach, reaches RMB 325 million, marking a significant appreciation rate of 478.08%. The counterparty has pledged that Summit's net profit, after deducting non-recurring gains and losses, will be no less than RMB 30.6696 million, RMB 33.3844 million, and RMB 36.6309 million for the years 2026, 2027, and 2028, respectively.

The acquisition price will be disbursed in initial and subsequent installments, with the remaining 40% contingent upon the fulfillment of performance commitments. This strategic move is poised to enhance Gold Orange's R&D efficiency in cutting-edge technology domains and diversify its product and market portfolio.