Sunny Optical Technology made an announcement after market hours on August 21, revealing that certain member companies within its group have entered into a Memorandum of Understanding (MoU) with GoerTek and GoerTek Optics. This MoU outlines the parties' intent to engage in detailed negotiations, aiming to finalize a subscription agreement. The key terms of the envisioned agreement encompass: Following the reorganization, Ningbo Aolai will invest its entire equity stake in Shanghai Aolai to subscribe for shares in GoerTek Optics; upon successful completion of this subscription, Ningbo Aolai will acquire approximately 33.33% equity ownership in GoerTek Optics.
