In order to deepen the commercial layout of 5G in advance, Zhongshan-based company Union Optech plans to issue non-public stocks to Gong Junqiang, one of the actual controllers.

The total amount of funds to be raised by the non-public stocks will be up to 475 million yuan, which will be used for the new smart display and smart wearable products manufacturing project, and the repayment of bank loans.

The "new smart display and smart wearable products manufacturing project", which is one of goal of this fund-raising, is expected to achieve an annual output of 18 million sets of vehicle lenses, 2 million sets of new projection lenses and 580,000 sets of VR/AR all-in-one machines after completion.