Zhixun Finance APP News, Optics Technology Holding (300489.SZ) issued an announcement, stating that the company's stock trading price deviated by more than 100% for four consecutive trading days from October 14, 2024 to October 17, 2024. According to the relevant provisions of the Shenzhen Stock Exchange Trading Rules, this situation constitutes a severe abnormal fluctuation in stock trading.

On October 14, 2024, the company disclosed the 'Share Issuance and Cash Payment for Acquisition of Assets and Fundraising as well as Related Party Transactions Proposal' and its summary. The company plans to purchase a total of 100% equity of Xenovo Electronics Technology Co., Ltd. held by 55 shareholders including Guangdong Xianxian Rare Earth Co., Ltd. ('Xianxian Rare Earth') through the issuance of shares and cash payment, and to raise matching funds.

Company Risk Alert: Consider that the audit and evaluation work related to this transaction is not yet complete, the board of directors has decided not to convene a shareholder meeting to review the relevant matters of this transaction. The company will convene another board of directors meeting after the completion of the relevant audit and evaluation work to review the relevant matters of this transaction and propose the relevant resolutions to the shareholders' meeting. The progress of the parties involved in this transaction is subject to fulfilling necessary internal decision-making processes and requires formal implementation after approval by the authorized regulatory agencies, with uncertainties regarding its implementation. The company and all related parties will continue to advance the relevant work and strictly fulfill the disclosure obligations in a timely manner according to the relevant regulations.