TRIGIANT (01300) Announces RMB 455 Million Deal to Acquire Full Ownership of Qinghai Zhongli Fiber Optics

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In a significant strategic move, TRIGIANT (01300) has announced that its indirect wholly-owned subsidiary, Jiangsu TRIGIANT Technology Co., Ltd., successfully secured a bid through the Chongqing Property Exchange Network on September 11, 2026. The acquisition targets the entire 100% equity stake in Qinghai Zhongli Fiber Optics Technology Co., Ltd. from the seller, Qinghai Qingyin Project Management Co., Ltd., at a total consideration of RMB 455 million, approximately equivalent to HK$526 million.

The target company, established as a limited liability entity in China on July 5, 2013, is currently wholly owned by the seller. Its core business activities revolve around the production and sale of optical fiber preforms, optical fibers, and optical fiber patch cords. Furthermore, its wholly-owned subsidiary, known as the target subsidiary, focuses specifically on research and development initiatives pertaining to optical fiber preforms, optical fibers, and related connection components.

Upon the successful completion of this acquisition, both the target company and its subsidiary, Qinghai Optical Communication Materials Engineering Technology Research Center Co., Ltd., will be integrated as indirect wholly-owned subsidiaries of TRIGIANT. This transaction marks a strategic expansion for the group, strengthening its footprint in the optical communications sector.

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