Hillstone Technology (01478.HK) has completed a private placement of the Norwegian listed company poLight, becoming its largest single shareholder, and has expanded its presence in the fields of XR and robotic optics.

Flycast News APP, Qiu Titanium Technology (01478.HK) 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 shares of poLight's proposed issuance of shares at a price of 2.69 Norwegian Krone per share, with a total consideration of approximately 171,469,000 Norwegian Krone (equivalent to approximately 121,721,000 yuan) (i.e. private placement). On June 4, 2025, the private placement was completed, and a total of 63,743,112 shares of placement shares were issued to the company, equivalent to approximately 32.97% of the total number of shares issued by poLight after the completion of the private placement. The private placement was funded through the company's internal resources.