Wright Optoelectronics (688150.SH) plans to launch a new business focusing on the field of high-end electronic materials through its holding subsidiary Litequashi

According to Zhitong Finance App News, Wright Optoelectronics (688150.SH) announced that the company plans to launch a new business through its holding subsidiary Shaanxi Laitekuashi Materials Co., Ltd. (“Litequashi”), focusing on the field of high-end electronic materials, mainly engaged in R&D, production and sales of quartz fiber electronic cloth (“Q cloth” for short). As of the announcement disclosure date, Lightqua Stone has completed the formation of a core team and is in the business planning and production capacity construction stage.

Launching a new business is an important step for the company to implement the “New Material Platform Enterprise” development strategy and promote high-quality development. It can further broaden the company's business layout in the field of electronic materials, effectively extend business boundaries, expand market coverage, cultivate new business growth points, and continuously enhance the company's overall competitiveness in the field of high-end electronic materials. The measure is in line with the company's long-term development strategy and is conducive to safeguarding the long-term interests of all shareholders.