Clarification Announcement Regarding Media Reports
The Company and the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed in this announcement, and that there are no false records, misleading statements, or material omissions.
I. Rumor Situation
On or around August 6, 2026, individual media outlets published reports titled "Ofilm Accused of Being Reported! Actual Controller Cai Rongjun Accused of Setting Up Offshore Companies to Embezzle Listed Company Assets" (hereinafter referred to as "the Report" or "Reports"). The core allegations of these reports are that Mr. Cai Rongjun, the actual controller of Ofilm Group Co., Ltd. (hereinafter referred to as "the Company"), engaged in profit transfer to Xinfeiguang Communication Technology Co., Ltd. (hereinafter referred to as "Xinfeiguang") and Xinsikao Motor Co., Ltd. (hereinafter referred to as "Xinsikao"), which are actually controlled by him.
The Company attaches great importance to this matter and has organized relevant departments to immediately launch an internal investigation. The following is a clarification of the inaccuracies in the reports:
II. Clarification Statement
(I) The Company's R&D Investment and Management Model with Xinfeiguang and Xinsikao
- R&D Investment
The Company's R&D projects are all focused on its own business areas, such as optical lens modules, camera modules, and automotive optical components. They do not involve R&D in core technologies like WLG wafer-level glass or high-precision optical coupling (CPO). The Company's R&D system operates independently, with R&D project initiation, experimental development, and patent applications all carried out by the Company. The R&D objectives, technical routes, and product application scenarios of Xinfeiguang and Xinsikao are all different from those of the Company. The processes, technologies, and patents developed by the Company serve its own products. There is no mutual use or sharing of R&D technologies and patents between the Company and Xinsikao or Xinfeiguang. Nor is there a situation where the Company bears the R&D loss risk but directly reuses mature technologies for Xinfeiguang's optical module products without reasonable authorization or technology transfer fees.
- Management Model
The Company's production and operation sites are mainly located in Nanchang City and Hefei City. Xinfeiguang's production base is located in areas such as Guangming District, Shenzhen City. Xinsikao's main production base is located in Jiashan County, Jiaxing City, Zhejiang Province. Each company operates independently.
All related party transactions are strictly conducted in accordance with the requirements for related party transactions, undergoing internal review procedures and disclosure procedures, and are priced at market prices, with fair pricing.
The Company strictly implements the "Accounting Standards for Business Enterprises" and follows the accrual basis for accounting. Cost allocation is based on actual expenses incurred, and there are no issues with non-transparent cost allocation mechanisms. The auditing firm has issued standard unqualified audit reports on the financial statements for recent years.
Therefore, the Company does not have personnel integration issues, nor does it have the situation described in the reports where Xinfeiguang only shares a small amount of frontline production labor costs while benefiting from shared infrastructure with little to no cost.
(II) Company's Relationship with Xinfeiguang
- Business Operations between the Company and Xinfeiguang
The Company and Xinfeiguang operate completely independently in terms of business models and product lines. The Company focuses on the R&D and manufacturing of optical components for terminal consumer electronics products such as cameras, lenses, and fingerprint recognition. Xinfeiguang specializes in the R&D and manufacturing of optical modules and active optical cables (AOC). The product forms and final application scenarios of the Company and Xinfeiguang are completely different, serving entirely different industry chain segments. The Company's main customers are terminal brand customers such as smartphones and intelligent vehicles, while Xinfeiguang's main customers are North American data centers, domestic cloud service providers, and telecommunications equipment providers.