Our subsidiary, G-Tech Optoelectronics (Tactical Technology), has amended the restrictive clauses of the cooperation framework agreement signed on April 17. The counterparty is a US-based provider of defense and space program systems. On May 20 (US time), both parties agreed to remove the restrictive clauses that were conditional upon the counterparty's corporate merger, listing on a US stock exchange, and capital injection from our company. This amendment has no impact on our financial or business operations.

FACT BOX

  • Source: PR Times
  • Category: contract_amendment