On July 3, 2026, Longhua Technology made an announcement stating that its sixth board of directors, at their 11th meeting, had thoroughly reviewed and subsequently approved a significant proposal.
According to the announcement, Fenglianke Optoelectronics (Luoyang) Co., Ltd., a wholly-owned subsidiary of Longhua Technology, has outlined plans to embark on a joint investment initiative. This initiative involves collaborating with core management personnel and esteemed university professors to establish a joint venture specifically aimed at the electronic-grade barium titanate project.
The investment structure delineates that Fenglianke Optoelectronics will contribute RMB 3 million, thereby securing a 30% stake in the venture. In adherence to corporate governance standards, related directors refrained from participating in the voting process. Ultimately, the proposal garnered the support of six votes, leading to its approval.
Independent directors have expressed their confidence in the investment, noting that it is in harmony with the company's overarching development strategy. Furthermore, they anticipate that this venture will not exert any detrimental effects on the company's production, operational efficiency, or financial standing.