JP Optics has declared its intention to augment the capital of its majority-owned subsidiary, Aojie Microelectronics, by a substantial 70 million yuan. Following this capital infusion, JP Optics' stake in Aojie Microelectronics will escalate from 70% to 84%, ensuring Aojie Microelectronics remains firmly under its control as a holding subsidiary. The proceeds from this capital increase are earmarked to fuel the business expansion of Aojie Microelectronics and facilitate its foray into the cutting-edge realm of ultrafast laser drilling technology tailored for high-precision PCBs.
