Q TECH (01478) has completed a private placement for Norwegian listed company poLight, becoming its largest single shareholder, and expanding its presence in the optical field with XR and Siasun Robot & Automation.

Q TECH (01478) announced that on April 15, 2025, the company signed an investment agreement with poLight, a Norwegian company listed on the Oslo Stock Exchange. According to the agreement, the company conditionally agreed to subscribe to 63,743,112 newly issued shares of poLight at a price of 2.69 Norwegian Kroner per share, with a total consideration of approximately 171,469,000 Norwegian Kroner (equivalent to approximately RMB 121,721,000) (private placement). The private placement was completed on June 4, 2025, and a total of 63,743,112 shares were issued to the company, representing approximately 32.97% of poLight's total issued shares after the private placement. The funding for the private placement was provided by the company's internal resources. After the private placement was completed, the company became the largest single shareholder of poLight. Two directors nominated by the company were appointed as directors at the poLight shareholder meeting held on May 21, 2025, representing two-thirds of the board seats after the private placement was completed. After the private placement was completed, the company became the single largest shareholder of poLight, marking the establishment of a strategic partnership between the company and poLight. Based on this partnership, the two companies will leverage their respective competitive advantages in technology development, product layout, and customer development to create operational excellence through resource integration. By investing in poLight, the company aims to further deepen its vertical integration strategy, improve and enhance its core underlying technology system, expand the application of its technology to optical module products including but not limited to Virtual Reality/Augmented Reality/Mixed Reality (VR/AR/MR), Siasun Robot&Automation, drones, endoscopes, industrial cameras, and light field cameras, which will significantly enhance the scale and industry position of the optical module business. The investment will also enable the company to quickly acquire leading technology resources, thereby facilitating the development of its optical module business in emerging markets such as XR and robotic automation.