On July 13, Lante Optics made an announcement, revealing that it had obtained the review opinion from the Shanghai Stock Exchange on the very same day. This opinion confirmed that the company's application for issuing shares to specific investors complied with the issuance conditions, listing criteria, and information disclosure standards. However, this move still necessitates the China Securities Regulatory Commission's approval for registration before it can be put into effect. There remains some uncertainty as to whether it will ultimately secure approval and the exact timing of such approval.

According to the disclosed information, this refinancing endeavor aims to raise a sum not exceeding 1.055 billion yuan, with Huatai United Securities serving as the sponsor. After deducting the issuance expenses, the funds raised will be channeled into four key projects: the AR Optical Products Industrialization Construction Project (501 million yuan), the Glass Aspherical Lens Production Capacity Enhancement Project (242 million yuan), the Micro-Nano Optical Components R&D and Industrialization Project (122 million yuan), and the supplementation of working capital (190 million yuan).

Among these projects, the AR Optical Products Industrialization Project stands out as the primary investment. The company envisions leveraging this project to bolster its batch production and delivery capabilities for AR products, thereby capitalizing on market opportunities.

Beyond the progress in refinancing, Lante Optics has been making strides on multiple fronts recently. In terms of financial performance, the company reported an operating revenue of 451 million yuan in the first quarter of 2026, marking a year-on-year surge of 76.53%. The net profit attributable to shareholders soared to 130 million yuan, reflecting a significant year-on-year increase of 184.4%. Seven institutions have projected that the company's net profit for the entire year of 2026 will hover around 600 million yuan, representing a year-on-year rise of approximately 54%.

Regarding its overseas expansion strategy, the company convened the second meeting of its sixth board of directors on July 13 and approved a proposal to trim overseas investment amounts. Specifically, the total self-funded investment in the Singapore/Malaysia project was slashed from no more than USD 60 million to no more than USD 26 million.

From a business expansion standpoint, Lante Optics' future development blueprint will primarily revolve around three core directions: augmenting glass aspherical lens production capacity, industrializing micro-nano optical device R&D, and industrializing AR optical products. The company has already forged collaborations with several domestic manufacturers in the AR application sphere, achieving terminal applications in multiple domestic AR glasses by supplying glass wafers.

With the approval of this private placement, the company's production capacity and technological prowess in the AR optics and micro-nano optics domains are anticipated to receive a further boost.