Xiangyuan New Materials Takes 12% Stake; Jointly Founded by Leading Talents in Optical Components Industry

Wuhan, March 24, 2025 — Xiangyuan New Materials Co., Ltd. (Stock Code: 300980), a listed company, announced today the joint establishment of Hubei Sanhai Optics Co., Ltd. (hereinafter referred to as "Sanhai Optics") with a team of leading talents in the optical components industry. Officially registered on March 20, the company has a registered capital of RMB 20 million and is legally represented by Wang Yashi.

Sanhai Optics is a high-tech enterprise specializing in the R&D, production, and sales of high-end optical components with nano-level precision. Its products are applied in cutting-edge fields such as intelligent driving, humanoid robots, and medical equipment.

"Sanhai Optics focuses on core robot components, encoder code disc products, and other related offerings," Xiangyuan New Materials stated in response to investor inquiries. "In the future, the company will enter the R&D of VR/AR-related products, achieve technological breakthroughs in the optical chip sector through independent R&D and technical cooperation, and build a complete optical industrial chain."