VIEWTRIX TECH(03310): Has established two controlled subsidiaries and plans to launch two new businesses: optical interconnect and UCIe IP.

VIEWTRIX TECH (03310) announced that the Company has established two controlled subsidiaries, namely Shuqing Zhiyun (Shanghai) Technology Co., Ltd. (Shuqing Zhiyun) and Xinqing Zhiyun (Shanghai) Technology Co., Ltd. (Xinqing Zhiyun). The registered capital of each of Shuqing Zhiyun and Xinqing Zhiyun is RMB10 million, and the Company holds 55% equity interest in each of the two controlled subsidiaries. The Group plans to develop two new businesses, namely optical interconnect and UCIe IP. Shuqing Zhiyun is the operating entity of the Group's optical interconnect business, focusing on the Micro-VCSEL light source technology route, aiming to become a total solution provider for optical I/O, with a focus on two major areas: Scale Up (intra-rack interconnect) and Scale In (inter-chip interconnect). Xinqing Zhiyun is the operating entity of the Group's UCIe IP business, using cross-standard UCIe interconnect IP licensing business as its entry point, and plans to develop into a platform-based IP company in the future. As of the date of this announcement, Shuqing Zhiyun and Xinqing Zhiyun are each pursuing private equity financing in the primary market. The relevant financing is still at the stage of negotiation and due diligence, and its completion is subject to the signing of formal capital increase agreements and the fulfillment of relevant conditions precedent, and may or may not proceed or be completed. The controlled subsidiaries have been established for only a short period of time, and the above-mentioned new businesses are all at a very early stage of research and development and preparation. As of the date of this announcement, none of the controlled subsidiaries has formed mass-produced products or generated any revenue, and there are uncertainties regarding their technology research and development progress, product commercialization timelines and market acceptance. It is expected that these new businesses will not make any material contribution to the Group's revenue, profitability and financial condition in the short term. The Group's revenue and profitability will continue to be mainly derived from its existing principal businesses such as display driver chips for the foreseeable future. The proceeds from the above-mentioned financing are intended to be mainly used for research and development investment and business expansion of the controlled subsidiaries. It is expected that upon completion of the financing, the Company will still maintain its controlling position in Shuqing Zhiyun and Xinqing Zhiyun, and the controlled subsidiaries will continue to be consolidated into the Group's consolidated financial statements. The relevant financing matters are not expected to have a material impact on the Group's financial condition and operating results. The two new businesses of optical interconnect and UCIe IP are recent business arrangements made by the Company after its listing in response to industry technology development trends and market opportunities. The Board believes that with the rapid development of artificial intelligence, cloud computing, high-performance computing and advanced packaging technologies, the demand for high-speed inter-chip interconnect continues to rise, and optical I/O and Chiplet interconnect have become one of the important development directions of the semiconductor industry. As one of the important light source technology routes for optical I/O, Micro-VCSEL has characteristics such as low power consumption, low cost and ease of two-dimensional array integration, and has good application potential in short-reach optical interconnect scenarios; UCIe, as an open chiplet interconnect standard, is expected to promote the standardization and large-scale application of the Chiplet ecosystem. The arrangement of the two new businesses of optical interconnect and UCIe IP is in line with the Group's strategic direction of seizing industry opportunities, expanding its business footprint and cultivating new growth drivers. By establishing independent operating entities, the Group can more focusedly advance relevant technology research and development, productization and market expansion, and introduce external resources through market-oriented financing to accelerate business development, thereby enhancing the Group's overall competitiveness and long-term shareholder value.