Young Optics Inc. (TWSE:3504) agreed to acquire remaining 7.5% stake in Rays Optics Inc. on July 28, 2023. The consideration is based on TWD 13.57 per share of Rays Optics and will be funded from existing cash reserves. The transaction is expected to close on September 8, 2023.

Chen-Ye United Accounting Firm acted as accountant to Young Optics.