Torch Technology: Subsidiary signs $13 million technology licensing agreement.

Jiuguang Technology announced that its wholly-owned subsidiary, Swiss Jiuguang, plans to sign a technology licensing agreement with a leading global semiconductor foundry company. The agreement will license the related technologies of micro prism lens arrays and vertical optical couplers. The one-time technology licensing fee amounts to a total of $13 million, plus additional fees for the use of licensed products. The agreement will be valid from the signing date until termination as agreed upon. This transaction requires approval from the company's shareholders' meeting and is expected to have a positive impact on the company's current and future operating performance.