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[Xinguang Optoelectronics: Plans to set up a wholly-owned subsidiary in Hangzhou with 100 million yuan to lay out precision optical quantity testing] On September 22, Xinguang Optoelectronics (688011.SH) planned to invest 100 million yuan to establish a wholly-owned subsidiary "Hangzhou Xinguang Precision Measurement System Co., Ltd." (tentative name) in Hangzhou, with an initial payment of 10 million yuan, and the remainder will be gradually paid according to operational needs. The new company is mainly engaged in optical instruments, measurement and detection equipment, photoelectric sensors, optical lenses, optical monitoring equipment, optical components and optical test systems such as projection objectives/illumination optics/measurement alignment, as well as the R&D, manufacturing and sales of electronic products, software and hardware. The company stated that it will leverage Hangzhou's optoelectronics industry ecology to enhance its R&D and production capabilities for precision optical devices, optical lenses and systems, and provide core components, optical quality testing equipment and solutions to semiconductors, aerospace and high-end equipment; in the future, it will not rule out the introduction of strategic investors or technical teams while maintaining a controlling stake.
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