On December 1, Union Opto made an announcement stating that its wholly-owned subsidiary, Wuhan Lianyiheli Technology Co., Ltd., plans to transfer its controlling stake in Wuhan Lingzhiyunchuang Technology Co., Ltd. This will be achieved through an equity transfer and the waiver of pre-emptive rights in the event of a capital increase. As a result, Lianyiheli will divest its business centered around wheel-based medical service and logistics delivery robots, allowing the company to concentrate on its core optical business. Following the transaction, Lianyiheli's ownership stake will drop from 100% to 34.9951%, and Lingzhiyunchuang will no longer be part of the company's consolidated financial statements. Consequently, the company will discontinue its involvement in the research and development, design, market expansion, and sales of the aforementioned businesses. The primary objective of this transaction is to streamline resource allocation and bolster the professional expertise and technological innovation capabilities of its principal business.
