Union Optech Co Ltd

Union Optech has issued a risk warning after its share price rose more than 40% over three consecutive trading days. As of September 23, the company's closing price was 20.96 yuan per share, with a total market value of 5.639 billion yuan. From September 21 to September 23, the cumulative deviation in closing price gains over three consecutive trading days reached 40.49%, exceeding 30%, which constitutes abnormal stock trading volatility. The company stated that as of now, its main business, operating conditions, and internal and external operating environment have not undergone major changes, and no major changes are expected in the near future. The company, controlling shareholder, and actual controller have no undisclosed material information, and it cautioned that its price-to-earnings ratio is higher than the industry average, with risks of overheated market sentiment, irrational speculation, and rapid share price decline. Previously, the company announced plans to acquire 92.62% of Dongguan Changyi Optoelectronics Co., Ltd. through share issuance and raise supporting funds of no more than 200 million yuan. This matter is still under review and can only be implemented after approval by the Shenzhen Stock Exchange and registration with the China Securities Regulatory Commission. In the first half of this year, the company achieved operating revenue of 1.049 billion yuan, up 17.24% year-on-year, and net profit attributable to shareholders of the listed company of 7.8254 million yuan, turning from loss to profit.