Annual Report 2025

Sunny Optical Technology (Group) Company Limited • ANNUAL REPORT 2025 28 Management Discussion and Analysis 管理層討論與分析 PERFORMANCE OF INVESTMENTS MADE AND FUTURE INVESTMENTS PLAN The Group’s investing activities primarily include the purchases and release of unlisted financial products, placement and release of short term fixed deposits, placement of time deposits, purchase of property, plant and equipment and deposits and prepayment paid for acquisition of property, plant and equipment and land use right. Among them, unlisted financial products are managed by relevant banks in China, mainly investing in certain financial assets such as bonds, trusts and cash funds, and their investment incomes are determined based on the performance of the underlying debt instruments and treasury notes. Investments Held Significant Investments Regarding the performance of the investment held by the Group during the year ended 31 December 2025, Zhejiang Sunny Optics Co., Ltd. (“ Sunny Zhejiang Optics ”), a wholly-owned subsidiary of the Company, through the relevant subscription, held 6% equity interests of Chongqing Ant Consumer Finance Co., Ltd. (the “ Ant Consumer Finance ”). The relevant aggregate investment cost of RMB1,380.0 million represented approximately 2.3% the Company’s total assets as at 31 December 2025. To the best knowledge of the Board, after reviewing the audited accounts of Ant Consumer Finance as at 31 December 2025, no fair value or impairment regarding this investment case was issued or noted by the Board. Based on the information available to the Company immediately preceding the publication of this report, the performance of this investment was positive for the year ended 31 December 2025. The Board considered this investment to be a long-term investment, which may bring relatively better financial returns to the Group. Further, references are made to the announcements of the Company dated 22 August 2025 and 9 October 2025 in relation to the (i) entering into a memorandum of understanding by the Company and certain subsidiaries of the Group with Goertek Inc. (“ Goertek ”) and Goertek Optical Technology Co., Ltd. (“ Goertek Optical ”); and (ii) transfer of a subsidiary’s entire equity interests in return for equity interests in Goertek Optical (the “ Share Swap ”) pursuant to a share swap and merger agreement (the “ Share Swap & Merger Agreement ”) and further subscription for equity interests in Goertek Optical (the “ Subscription ”). 投資表現及未來投資計劃 本集團的投資活動主要包括收購及解除非上市 金融產品、存放及解除短期定期存款、存放定 期存款、購置物業、機器及設備及就收購物 業、機器及設備及土地使用權已支付的按金及 預付款項。其中，非上市金融產品由中國的相 關銀行管理，主要投資於債券、信託及現金基 金等若干金融資產，其投資收益則根據相關債 務工具及國庫債券的表現釐定。 所持投資 重大投資 就本集團所持投資於截至二零二五年十二月 三十一日止年度內的表現而言，本公司一家全 資附屬公司浙江舜宇光學有限公司（「 舜宇浙 江光學 」）通過相關認購持有重慶螞蟻消費金 融有限公司（「 螞蟻消金 」） 6% 的股權，相關投 資成本總額為人民幣 1,380,000,000 元，佔本 公司於二零二五年十二月三十一日之總資產約 2.3% 。據董事會所深知，在審閱螞蟻消金於 二零二五年十二月三十一日的經審核賬目後， 董事會並無發佈或注意到有關此項投資案的公 允值或減值。基於緊接本報告刊發前本公司可 得資料，截至二零二五年十二月三十一日止年 度，此項投資的表現良好。董事會認為此項投 資是長期投資，可能為本集團帶來相對較好的 財務回報。 此外，按本公司日期為二零二五年八月二十二 日及二零二五年十月九日之公告，內容有關 (i) 本公司及本集團若干附屬公司與歌爾股份有限 公司（「 歌爾股份 」）及歌爾光學科技有限公司 （「 歌爾光學 」）訂立諒解備忘錄；及 (ii) 根據換股 合併協議（「 換股合併協議 」），轉讓附屬公司全 部股權以換取歌爾光學股權（「 換股 」）及進一步 認購歌爾光學的股權（「 認購事項 」）。