Eoptolink Technology Inc., Ltd. agreed to acquire remaining stake in Alpine Optoelectronics, Inc. from Tongqing Wang, Ming Ding, Dobby Chunsing Lam, Wiselink Group Limited, Huang and Pan Family Trust, TEEC Angel Fund IV, LP and others for $44.4 million.

Eoptolink Technology Inc., Ltd. (SZSE:300502) agreed to acquire remaining stake in Alpine Optoelectronics, Inc. from Tongqing Wang, Ming Ding, Dobby Chunsing Lam, Wiselink Group Limited, Huang and Pan Family Trust, TEEC Angel Fund IV, LP and others for $44.4 million on August 25, 2021. As per terms, a consideration of $22.2 million shall be paid at completion and remaining $22.2 million as earnout based on performance over the period of three years. Post completion, Eoptolink Technology will hold 100% stake in Alpine Optoelectronics.

As of April 30, 2021, total asset and net asset of Alpine Optoelectronics was $9.6 million and $7.4 million respectively. Transaction is subject to approval from Chinese Authorities and CFIUS. The transaction has been reviewed and approved at the fifth meeting of fourth board of directors of Eoptolink Technology Inc., Ltd. As of March 30, 2022, the termination date in the transaction agreement will be extended from March 31, 2022.

Until June 30, 2022.