On August 3, San'an Optoelectronics unveiled its strategy to collaboratively acquire 100% of the equity in Lumileds Holding B.V. (hereinafter "Lumileds"), a preeminent global LED enterprise, from the foreign investor Inari Amertron Berhad for a cash sum of $239 million. Lumileds stands out with its comprehensive production processes, diverse product offerings, and a vast customer base within the LED industry. Upon the successful conclusion of this transaction, San'an Optoelectronics aims to fortify its collaboration with Lumileds in customer and channel development, capitalizing on their respective strengths in the LED sector to explore untapped markets and clientele, continuously unveil new application scenarios, and sustain revenue growth. The two entities will also join forces to drive LED technology advancements and innovations, thereby bolstering their competitive edge in the market.