Shanghai Zhezhong Construction Co LtdZhezhong acquires controlling stake in Jiechuang Technology, expanding into VCSEL chip business.

Zhezhong Co. announced that it plans to acquire an 18.08% stake in Jiechuang Technology using its own and self-raised funds through a cash transaction, and to inject an additional 300 million yuan into Jiechuang Technology. Upon completion of the transaction, the company will hold a 53.19% stake in Jiechuang Technology, making it a controlling subsidiary and consolidating it into the company's financial statements. In recent years, Jiechuang Technology's main revenue sources have been sales of communication VCSEL, gas sensing VCSEL, and consumer electronics VCSEL chip products.
Shanghai Zhezhong Construction Co LtdZhezhong acquires controlling stake in Jiechuang Technology, expanding into VCSEL chip business.
Jiechuang Technology receives investment and becomes a controlled subsidiary, providing capital and strategic support.