Tengjing Technology has declared its intention to optimize resource allocation and streamline its AR consumer optics business, with a view to expediting the industrialization of its AR waveguide and optical engine module operations. To achieve this, the company is set to allocate 35 million yuan from its own reserves or self-raised capital to establish a fully-owned subsidiary, Tengjing Vision Technology (Kunshan) Co., Ltd., situated in Kunshan City.
