United Optoelectronics To Acquire Xi'an Microprocessor's Stake And Increase Its Capital, Which Is Mainly Engaged in Optoelectronic Specialized Products

On February 28, United Optoelectronics announced that the company intends to acquire 61.50% of the equity of Xi'an Microprocessor Optoelectronics Technology Co. (hereinafter referred to as "Xi'an Weipu" or the "Subject Company"), 61.50% equity interest in the Subject Company, and increase the capital to the Subject Company with RMB5 million, which will result in 65% equity interest in the Subject Company.
United Optoelectronics was founded in August 2005, after years of scientific and technological innovation and R & D investment, formed a complete business system integrating optoelectronic product design and development, ultra-precision machining and intelligent manufacturing, technological innovation and new product development has always been in the forefront of China's optical lens manufacturing industry. In the field of optical stabilization, ultra-high-magnification zoom lens, ultra-high-definition 4K laser display is the only domestic independent development and large-scale mass production of enterprises, high-magnification high-definition security zoom lens market share the world's first.
The company has the Guangdong Province Optical Imaging (United Optoelectronics) Engineering Technology Research Center, Guangdong Province Enterprise Technology Center, is building the Guangdong Province Precision Optical Imaging Engineering Laboratory, focusing on building an innovation platform and independent intellectual property rights system, independent research and development of new technologies and products and apply for more than 700 patents in the field of optics, and at the same time, with R & D institutions and strategic cooperation with customers to establish a project-based R & D as a vehicle for the combination of basic research and applied research cooperation relationship, and the development and implementation of the project. At the same time, we have established a cooperative relationship with R&D organizations and strategic cooperative customers based on project research and development, combining basic research and applied research. The company insists on investing in R&D, with R&D personnel accounting for more than 30% of the company's total number of employees, and annual R&D investment exceeding 8% of sales revenue.
In the R&D and manufacturing of high-definition laser display, high-end optical zoom lens, DSLR camera lens, cell phone camera lens, United Optoelectronics has been in the leading position in China and the international first-class level, and is able to quickly provide customers with customized optical products integrated solutions. Our products are widely used in 4K laser display, video surveillance, intelligent terminal, vehicle imaging system, video conference, digital camera/camcorder, virtual reality VR products and so on. The company has become an important partner of Honghe Technology, BYD, Logitech, DxO, AXIS, Cognex, Panasonic, Hitachi, Epson, Sony and other well-known customers.
This time, the United Optoelectronics to acquire equity and capital increase in Xi'an Micropower is engaged in optoelectronic professional product design, production, system integration and related testing of high-tech enterprises, in the mid-wave infrared zoom lens, laser communication optical subsystems, off-axis beam expanding equipment with production capacity, core technology and design advantages, the product has been covered by the visible light, near-infrared, mid-wave infrared, as well as long-wave infrared zoom system.
United Optoelectronics said that the company intends to acquire its control through the acquisition of equity and capital increase, is conducive to complementary advantages between the two sides, improve the company's product structure and business layout in the field of infrared lenses, enhance the company's competitiveness in the market and technological advantages for the development of the company's infrared lens business empowered, in line with the company's long-term development strategic planning.