Zhejiang Lante Optics Co., Ltd. announced that it has entered into a share subscription agreement for private placement of not more than 121,769,310 A shares at a price of not less than 80% of the average price in the 20 trading days before the pricing reference date for gross proceeds of not more than CNY 1,054,602,300 on January 14, 2026. The transaction will include participation from not more than 35 investors, including Xu Yunming, who will subscribe with not more than CNY 50,000,000. The shares Xu Yunming subscribes to cannot be transferred within 36 months from the issuance closing date.
The shares the other investors subscribe to cannot be transferred within 6 months from the issuance closing date. The transaction has been approved at the 25th meeting of the company?s 5th directorate of the company. The transaction is subject to the approval of the company?s shareholders, the Shanghai Stock Exchange, and the China Securities Regulatory Commission.
