Changes in Hong Kong stocks | Yunying Valley Technology (03310) rose more than 24% in early trading and plans to launch two new businesses: Optical Interconnect and UCIe IP

The Zhitong Finance App learned that Yunying Valley Technology (03310) rose more than 24% in early trading. As of press release, it had risen 15.38% to 27 yuan, with a turnover of HK$14.507 million.

According to the news, on September 15, Yunying Valley Technology announced that the company has established two holding subsidiaries, namely Digital Engineering Zhiyun (Shanghai) Technology Co., Ltd. (Digital Engine) and Xinqing Zhiyun (Shanghai) Technology Co., Ltd. (Xinqing Zhiyun). The registered capital of Digital Engineering Zhiyun and Xinqing Zhiyun are both RMB 10 million, and the company holds 55% of the shares in each of the two holding subsidiaries.

The Group plans to launch two new businesses, Optical Interconnect and UCIe IP. Digital Engine Smart Cloud is the operator of the Group's optical interconnect business, focusing on the micro-VCSEL light source technology route. It aims to become an overall optical I/O solution provider, focusing on the two major fields of Scale Up (in-cabinet interconnection) and Scale In (inter-chip interconnection). Xinqing Zhiyun is the operating entity of the Group's uCie IP business. Using the cross-standard UCie interconnection IP licensing business as an entry point, it plans to develop into a platform-based IP company in the future.

As of the date of this announcement, Digital Smart Cloud and Smart Smart Cloud are each promoting private equity financing in the primary market. The relevant financing is still in the negotiation and due diligence stage. Its completion is only possible after a formal capital increase agreement is signed and relevant prerequisites are met, and may not necessarily be carried out or completed.