On July 3, JP Optics (688025) made public that its fully-owned subsidiary, JP Optics Singapore, plans to purchase the entire equity stake—100%—in NEOPTICS PTE.LTD. from Cheng Xueping, who serves as both a director and the general manager of the company. The acquisition price is set at S$1.12 million (equivalent to approximately RMB 5.8856 million). NEOPTICS, along with its Thai subsidiary, is primarily involved in the research, development, production, and sale of optical devices. At present, the company is in its nascent stages of development and has not yet attained profitability. The primary objective of this acquisition is to bolster JP Optics' product range and sales network within the optical connectivity sector, aligning with its global development strategy. Additionally, it aims to decrease overall manufacturing expenses and elevate the company's overall operational efficiency.