Yutong Optical (300790.SZ) announced on June 16th that its wholly-owned subsidiary, Dongguan Yutong Automotive Vision Co., Ltd. (referred to as "Yutong Automotive Vision"), has cash purchased the controlling shareholder of its subsidiary, Dongguan Yutong Jiuzhou Optical Co., Ltd. (referred to as "Jiuzhou Optical"), shareholders Gu Wenbin, Nie Xinwang, and Tan Huajiang and Dongguan Jiuzhou Gongchuang Enterprise Management Consulting Partnership Enterprise (limited partnership) (hereinafter referred to as "Jiuzhou Gongchuang"), Dongguan Jiuzhou Gongying Enterprise Management Consulting Partnership Enterprise (limited partnership) (hereinafter referred to as "Jiuzhou Gongying") The 80% equity of Jiuzhou Optical (referred to as "this transaction") was transferred at a price of RMB 235 million.
After the acquisition is completed, the company and Yutong Automotive Vision jointly hold 100.00% equity of Jiuzhou Optical, and Jiuzhou Optical becomes a wholly-owned subsidiary of the company. Jiuzhou Optical is a subsidiary of the company's controlling subsidiary. As of now, the company directly holds 20% equity of Jiuzhou Optical, and the three natural persons of Jiuzhou Optical shareholders, Gu Wenbin, Nie Xinwang, and Tan Huajiang, entrust the company to exercise their voting rights on Jiuzhou Optical shares.
Jiuzhou Optical was established in September 2015. Since its establishment, Jiuzhou Optical has been focusing on the research and development, production and sales of various optical lenses and optical components. After years of operation and accumulation, the target company has formed a good long-term cooperative relationship with customers such as Shenzhen Horn Automotive Electronics Co., Ltd., Guangzhou Jinghua Precision Optics Co., Ltd., Tongzhi Electronic Technology (Xiamen) Co., Ltd., Hangzhou Hikvision Digital Technology Co., Ltd., Zhejiang Huarijia Technology Co., Ltd., Guangxi Shengbaihui Electronic Co., Ltd., Guangdong BYD Energy Saving Technology Co., Ltd., etc. By cooperating with partners, it provides high-quality and stable in-vehicle optical lens products for terminal car companies such as Toyota, Volkswagen, GAC, Geely, Great Wall, Changan, Wuling, Nissan, and BYD, and at the same time sells intelligent home and IPC (network camera) and other optical lenses to customers such as Tiancai Electronics (Shenzhen) Co., Ltd., Shenzhen Aoni Electronics Co., Ltd., and Guangdong Anjubao Digital Technology Co., Ltd.
Its main products and main uses include: (1) automotive image products, which can be used in ADAS advanced assisted driving systems, AVM/AVP360 panoramic surround view/automatic parking, CMS electronic rearview mirrors, SVC surround/side view lenses, DVR driving recorders, DMS driver monitoring systems OMS/IMS cabin monitoring/entertainment systems, RVC reversing rearview, DRM streaming media rearview and other fields; (2) intelligent home products, which can be used in security monitoring, intelligent electronic cat's eyes, visual doorbells, IPC, sweeping robots, refrigerators, air conditioners and other fields; (3) digital products, which can be used in sports DV, aerial photography, VR panoramic cameras, USB cameras, police law enforcement recorders and other fields; (4) industrial products, which can be used in machine iris intelligent recognition, facial recognition, two-dimensional code recognition, palmprint recognition and other fields.