Changes in Hong Kong stocks | MeiG Intelligence (03268) opens more than 11% and plans to invest in a joint venture to set up a joint venture to lay out AIDC optical communication business

The Zhitong Finance App learned that MeiG Smart (03268) opened more than 11% higher. As of press release, it rose 11.23% to HK$21, with a turnover of HK$2,877 million.

According to the news, Meige Smart announced that on September 4, 2026, the company, Zhaoge Venture and Xingyuan Optoelectronics signed a shareholder agreement, according to which the contracting parties agreed to establish a joint venture in Shanghai, China. The joint venture plans to have a registered capital of 100 million yuan. The company, Zhaoge Venture and Xingyuan Optoelectronics will invest 70 million yuan, 20 million yuan and 10 million yuan respectively.

The joint venture parties set up joint ventures for technical and product cooperation in the following directions: to carry out R&D, design and package manufacturing of optical devices, optical engines and related modules and subsystems based on various optical chips such as high-end indium phosphide laser chips developed by Xingyuan Optoelectronics; integrating core resources such as supply chain electronic chips (DSP) on the basis of optical chips developed by Xingyuan Optoelectronics and other usable optical chip resources to carry out R&D, design and packaging manufacturing of optical communication modules in data centers. On the basis of the company's platform as a listed company, the establishment of a joint venture will further enhance the company's core competitiveness.