Sanan Optoelectronics' wholly-owned subsidiary Wuhu Anrui Optoelectronics implements equity incentive plan

Wuhu Anrui Optoelectronics Co., Ltd., a wholly-owned subsidiary of Sanan Optoelectronics, plans to implement equity incentives by establishing a partnership. The partnership will subscribe to Anrui Optoelectronics' registered capital of RMB 116 million, accounting for 14.95% of the registered capital after the capital increase. After this capital increase, Sanan Optoelectronics' shareholding in Anrui Optoelectronics will be reduced from 100% to 85.05%. This move aims to improve the company's corporate governance structure, mobilize the enthusiasm of core management, technical and business personnel, and achieve sustainable development.