STOCK TITAN

[PX14A6G] STAAR SURGICAL CO SEC Filing

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
PX14A6G
Rhea-AI Filing Summary

STAAR Surgical received a Notice of Exempt Solicitation from Yunqi Capital, a 5.1% shareholder, opposing the adjournment of STAAR’s special meeting to vote on the proposed sale to Alcon. The meeting was moved to November 6, 2025, from an earlier date tied to terms first announced on August 5, 2025.

In a letter attached to the filing, Yunqi urges the Board to let shareholders vote and to avoid launching a rushed process or new “go‑shop.” Yunqi frames Alcon’s proposal as a $28 per share offer and argues that any additional process should occur only after the current merger agreement ends, with a fuller market canvass. The investor also highlights its view of improving ICL market conditions in China and asks the Company to disclose in‑market ICL sales volumes to better reflect demand trends.

The submission emphasizes that it is not a proxy solicitation and that Yunqi is not seeking proxy cards.

STAAR Surgical ha ricevuto una Notifica di Esenzione dalla Sollecitazione da Yunqi Capital, una quota del 5,1%, contraria all'adjournment della riunione speciale di STAAR per votare sulla proposta di vendita a Alcon.La riunione è stata spostata al 6 novembre 2025, da una data precedente legata ai termini annunciati inizialmente il 5 agosto 2025.

In una lettera allegata al deposito, Yunqi esorta il Consiglio a permettere agli azionisti di votare e a evitare di avviare un processo frettoloso o un nuovo “go‑shop”. Yunqi inquadra la proposta di Alcon come una proposta di 28 dollari per azione e sostiene che qualsiasi ulteriore processo debba avvenire solo dopo la scadenza dell'accordo di fusione corrente, con una panoramica di mercato più ampia. L'investitore evidenzia inoltre la sua visione di migliorare le condizioni di mercato ICL in Cina e chiede all'azienda di comunicare i volumi di vendita ICL sul mercato per riflettere meglio le tendenze della domanda.

La sottomissione sottolinea che non si tratta di una sollecitazione di proxy e che Yunqi non cerca schede proxy.

STAAR Surgical recibió una Notificación de Solicitud Exenta de Yunqi Capital, un accionista con 5,1%, que se opone a la postergación de la reunión especial de STAAR para votar la venta propuesta a Alcon. La reunión se movió al 6 de noviembre de 2025, desde una fecha anterior vinculada a los términos anunciados por primera vez el 5 de agosto de 2025.

En una carta adjunta a la presentación, Yunqi insta a la Junta a permitir que los accionistas voten y a evitar iniciar un proceso precipitado o un nuevo “go‑shop”. Yunqi presenta la propuesta de Alcon como una oferta de $28 por acción y argumenta que cualquier proceso adicional debería ocurrir solo después de que expire el actual acuerdo de fusión, con una revisión del mercado más amplia. El inversor también destaca su visión de mejorar las condiciones del mercado ICL en China y pide a la Compañía que divulgue los volúmenes de ventas ICL en el mercado para reflejar mejor las tendencias de demanda.

La presentación enfatiza que no se trata de una solicitación de poder de voto y que Yunqi no busca tarjetas de poder.

STAAR Surgical알곤에 대한 제안 매각에 반대하는 5.1%의 주주인 Yunqi Capital의 면제 청약 통지를 수령했습니다. 이 회의는 Alcon에 대한 매매 제안에 표를 던지기 위한 STAAR의 특별 주주총회가 연기되었으며, 회의는 2025년 11월 6일로 이전 날짜에서 옮겨졌습니다. 이는 처음 발표된 조건과 연관된 2025년 8월 5일에 공표된 날짜에서 옮겨졌습니다.

제출에 부착된 서한에서 Yunqi는 이사회가 주주들의 투표를 허용하고 서둘러 진행되거나 새로운 “고샵(go‑shop)”을 시작하지 않도록 촉구합니다. Yunqi는 Alcon의 제안을 주당 28달러의 제안으로 인터프리트하고, 현재의 합병 계약이 종료된 후에만 더 많은 과정이 이루어져야 한다고 주장하며 더 넓은 시장 조사를 요구합니다. 또한 이 투자자는 중국의 ICL 시장 여건 개선에 대한 시각을 강조하고, 수요 추세를 더 잘 반영하기 위해 시장 내 ICL 매출 규모를 회사가 공시하기를 요청합니다.

제출물은 이것이 대리인 소환이 아니며 Yunqi가 대리인 카드를 원하지 않는다고 강조합니다.

STAAR Surgical a reçu un avis de sollicitation exemptée de Yunqi Capital, un actionnaire détenant 5,1%, s’opposant à l’ajournement de l’assemblée spéciale de STAAR pour voter la proposition de vente à Alcon. La réunion a été déplacée au 6 novembre 2025, par rapport à une date antérieure liée aux termes annoncés initialement le 5 août 2025.

Dans une lettre jointe au dossier, Yunqi exhorte le Conseil à permettre aux actionnaires de voter et à éviter de lancer un processus précipité ou un nouveau « go‑shop ». Yunqi présente la proposition d’Alcon comme une offre de 28 dollars par action et soutient que tout processus supplémentaire ne devrait avoir lieu qu’après l’expiration du accord de fusion en cours, avec une étude de marché plus complète. L’investisseur met également en avant sa vision d’améliorer les conditions du marché ICL en Chine et demande à la Société de divulguer les volumes de ventes ICL sur le marché pour mieux refléter les tendances de la demande.

L’envoi souligne qu’il ne s’agit pas d’une sollicitation par procuration et que Yunqi ne cherche pas de cartes de procuration.

STAAR Surgical hat eine Mitteilung über genehmigte Aufforderung von Yunqi Capital erhalten, einen 5,1%igen Anteilseigner, der dem adjournment der außerordentlichen Hauptversammlung von STAAR zur Abstimmung über den vorgeschlagenen Verkauf an Alcon widerspricht. Die Versammlung wurde auf den 6. November 2025 verschoben, von einem früheren Datum, das mit den erstmals am 5. August 2025 bekannt gegebenen Bedingungen verbunden war.

In einem dem Dossier beigefügten Schreiben bittet Yunqi den Vorstand, den Aktionären eine Abstimmung zu ermöglichen und einen hastigen Prozess oder ein neues „go‑shop“ zu vermeiden. Yunqi stellt Alcons Vorschlag als ein Angebot von $28 pro Aktie dar und argumentiert, dass jeder zusätzliche Prozess erst nach Ablauf der aktuellen Fusionsvereinbarung erfolgen sollte, mit einer umfassenderen Marktabdeckung. Der Investor hebt auch seine Sicht hervor, die ICL-Marktbedingungen in China zu verbessern, und bittet das Unternehmen, die marktinternen ICL-Verkaufsvolumina offenzulegen, um die Nachfragetendenzen besser abzubilden.

Die Einreichung betont, dass es sich nicht um eine Proxy-Solicitation handelt und dass Yunqi keine Proxykarten anstrebt.

STAAR Surgical تلقت إشعاراً بمناشدة مستثناة من اليونكي كابيتال، وهو مساهم يملك 5.1% من الأسهم، يعترض على تأجيل الاجتماع الخاص إلى التصويت على عرض البيع المقترح إلى Alcon. وقد تم نقل الاجتماع إلى 6 نوفمبر 2025، من تاريخ أقرب مرتبط بالشروط التي أعلنت لأول مرة في 5 أغسطس 2025.

في رسالة مرفقة filing، يحث يونيكي المجلس على السماح للمساهمين بالتصويت وتجنب بدء عملية مستعجلة أو go‑shop جديد. يصور يونيكي عرض Alcon بأنه عرض بقيمة $28 للسهم ويقول أن أي عملية إضافية يجب أن تتم فقط بعد انتهاء اتفاق الاندماج الحالي، مع فحص أوسع للسوق. كما يبرز المستثمر رؤيته لتحسين ظروف سوق ICL في الصين ويطلب من الشركة الإفصاح عن أحجام مبيعات ICL في السوق لتعكس سرعة الطلب بشكل أفضل.

تشدد الرسالة على أن المسألة ليست توجيه توكيلات وأن Yunqi لا يسعى للحصول على بطاقات توكيل.

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Insights

Activist holder urges vote, questions timing and process.

Yunqi Capital, owning 5.1% of STAAR Surgical, publicly opposes delaying the special meeting to consider a sale to Alcon. The letter centers on process: allow the vote, avoid a rushed alternative path, and, if the merger ends, conduct a broader strategic review.

The letter references Alcon’s $28 per share proposal and cites Yunqi’s view of strengthening ICL demand in China. These points are presented as the shareholder’s opinions and requests, not company guidance.

Investor impact depends on whether the Board maintains the November 6, 2025 timeline and how it addresses calls for additional disclosure on in‑market ICL volumes. Actual outcomes will hinge on shareholder voting and any subsequent strategic steps.

STAAR Surgical ha ricevuto una Notifica di Esenzione dalla Sollecitazione da Yunqi Capital, una quota del 5,1%, contraria all'adjournment della riunione speciale di STAAR per votare sulla proposta di vendita a Alcon.La riunione è stata spostata al 6 novembre 2025, da una data precedente legata ai termini annunciati inizialmente il 5 agosto 2025.

In una lettera allegata al deposito, Yunqi esorta il Consiglio a permettere agli azionisti di votare e a evitare di avviare un processo frettoloso o un nuovo “go‑shop”. Yunqi inquadra la proposta di Alcon come una proposta di 28 dollari per azione e sostiene che qualsiasi ulteriore processo debba avvenire solo dopo la scadenza dell'accordo di fusione corrente, con una panoramica di mercato più ampia. L'investitore evidenzia inoltre la sua visione di migliorare le condizioni di mercato ICL in Cina e chiede all'azienda di comunicare i volumi di vendita ICL sul mercato per riflettere meglio le tendenze della domanda.

La sottomissione sottolinea che non si tratta di una sollecitazione di proxy e che Yunqi non cerca schede proxy.

STAAR Surgical recibió una Notificación de Solicitud Exenta de Yunqi Capital, un accionista con 5,1%, que se opone a la postergación de la reunión especial de STAAR para votar la venta propuesta a Alcon. La reunión se movió al 6 de noviembre de 2025, desde una fecha anterior vinculada a los términos anunciados por primera vez el 5 de agosto de 2025.

En una carta adjunta a la presentación, Yunqi insta a la Junta a permitir que los accionistas voten y a evitar iniciar un proceso precipitado o un nuevo “go‑shop”. Yunqi presenta la propuesta de Alcon como una oferta de $28 por acción y argumenta que cualquier proceso adicional debería ocurrir solo después de que expire el actual acuerdo de fusión, con una revisión del mercado más amplia. El inversor también destaca su visión de mejorar las condiciones del mercado ICL en China y pide a la Compañía que divulgue los volúmenes de ventas ICL en el mercado para reflejar mejor las tendencias de demanda.

La presentación enfatiza que no se trata de una solicitación de poder de voto y que Yunqi no busca tarjetas de poder.

STAAR Surgical알곤에 대한 제안 매각에 반대하는 5.1%의 주주인 Yunqi Capital의 면제 청약 통지를 수령했습니다. 이 회의는 Alcon에 대한 매매 제안에 표를 던지기 위한 STAAR의 특별 주주총회가 연기되었으며, 회의는 2025년 11월 6일로 이전 날짜에서 옮겨졌습니다. 이는 처음 발표된 조건과 연관된 2025년 8월 5일에 공표된 날짜에서 옮겨졌습니다.

제출에 부착된 서한에서 Yunqi는 이사회가 주주들의 투표를 허용하고 서둘러 진행되거나 새로운 “고샵(go‑shop)”을 시작하지 않도록 촉구합니다. Yunqi는 Alcon의 제안을 주당 28달러의 제안으로 인터프리트하고, 현재의 합병 계약이 종료된 후에만 더 많은 과정이 이루어져야 한다고 주장하며 더 넓은 시장 조사를 요구합니다. 또한 이 투자자는 중국의 ICL 시장 여건 개선에 대한 시각을 강조하고, 수요 추세를 더 잘 반영하기 위해 시장 내 ICL 매출 규모를 회사가 공시하기를 요청합니다.

제출물은 이것이 대리인 소환이 아니며 Yunqi가 대리인 카드를 원하지 않는다고 강조합니다.

STAAR Surgical a reçu un avis de sollicitation exemptée de Yunqi Capital, un actionnaire détenant 5,1%, s’opposant à l’ajournement de l’assemblée spéciale de STAAR pour voter la proposition de vente à Alcon. La réunion a été déplacée au 6 novembre 2025, par rapport à une date antérieure liée aux termes annoncés initialement le 5 août 2025.

Dans une lettre jointe au dossier, Yunqi exhorte le Conseil à permettre aux actionnaires de voter et à éviter de lancer un processus précipité ou un nouveau « go‑shop ». Yunqi présente la proposition d’Alcon comme une offre de 28 dollars par action et soutient que tout processus supplémentaire ne devrait avoir lieu qu’après l’expiration du accord de fusion en cours, avec une étude de marché plus complète. L’investisseur met également en avant sa vision d’améliorer les conditions du marché ICL en Chine et demande à la Société de divulguer les volumes de ventes ICL sur le marché pour mieux refléter les tendances de la demande.

L’envoi souligne qu’il ne s’agit pas d’une sollicitation par procuration et que Yunqi ne cherche pas de cartes de procuration.

STAAR Surgical hat eine Mitteilung über genehmigte Aufforderung von Yunqi Capital erhalten, einen 5,1%igen Anteilseigner, der dem adjournment der außerordentlichen Hauptversammlung von STAAR zur Abstimmung über den vorgeschlagenen Verkauf an Alcon widerspricht. Die Versammlung wurde auf den 6. November 2025 verschoben, von einem früheren Datum, das mit den erstmals am 5. August 2025 bekannt gegebenen Bedingungen verbunden war.

In einem dem Dossier beigefügten Schreiben bittet Yunqi den Vorstand, den Aktionären eine Abstimmung zu ermöglichen und einen hastigen Prozess oder ein neues „go‑shop“ zu vermeiden. Yunqi stellt Alcons Vorschlag als ein Angebot von $28 pro Aktie dar und argumentiert, dass jeder zusätzliche Prozess erst nach Ablauf der aktuellen Fusionsvereinbarung erfolgen sollte, mit einer umfassenderen Marktabdeckung. Der Investor hebt auch seine Sicht hervor, die ICL-Marktbedingungen in China zu verbessern, und bittet das Unternehmen, die marktinternen ICL-Verkaufsvolumina offenzulegen, um die Nachfragetendenzen besser abzubilden.

Die Einreichung betont, dass es sich nicht um eine Proxy-Solicitation handelt und dass Yunqi keine Proxykarten anstrebt.

STAAR Surgical تلقت إشعاراً بمناشدة مستثناة من اليونكي كابيتال، وهو مساهم يملك 5.1% من الأسهم، يعترض على تأجيل الاجتماع الخاص إلى التصويت على عرض البيع المقترح إلى Alcon. وقد تم نقل الاجتماع إلى 6 نوفمبر 2025، من تاريخ أقرب مرتبط بالشروط التي أعلنت لأول مرة في 5 أغسطس 2025.

في رسالة مرفقة filing، يحث يونيكي المجلس على السماح للمساهمين بالتصويت وتجنب بدء عملية مستعجلة أو go‑shop جديد. يصور يونيكي عرض Alcon بأنه عرض بقيمة $28 للسهم ويقول أن أي عملية إضافية يجب أن تتم فقط بعد انتهاء اتفاق الاندماج الحالي، مع فحص أوسع للسوق. كما يبرز المستثمر رؤيته لتحسين ظروف سوق ICL في الصين ويطلب من الشركة الإفصاح عن أحجام مبيعات ICL في السوق لتعكس سرعة الطلب بشكل أفضل.

تشدد الرسالة على أن المسألة ليست توجيه توكيلات وأن Yunqi لا يسعى للحصول على بطاقات توكيل.

STAAR Surgical 收到了来自Yunqi Capital 的一份豁免征求通知,该股东持股比例为5.1%,反对将 STAAR 的特别股东大会推迟以就拟议出售给Alcon的提案进行投票。会议已从原定日期向前推至2025年11月6日,此前的日期与最初于2025年8月5日宣布的条款相关。

在随申报材料附上的信函中,Yunqi敦促董事会允许股东投票,避免启动匆忙的程序或新的“go‑shop”。 Yunqi 将 Alcon 的提案框定为每股$28的报价,并认为任何额外的程序应在当前并购协议到期后方可进行,并进行更充分的市场拉网。 该投资者还强调其改善中国 ICL 市场条件的看法,并要求公司披露在市场中的 ICL 销量,以更好地反映需求趋势。

该提交强调这并非代理人征求,请求 Yunqi 也不寻求代理投票卡。

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

NOTICE OF EXEMPT SOLICITATION

Submitted Pursuant to Rule 14a-6(g)

(Amendment No. _)

 

 

 

1.

Name of the Registrant:

STAAR SURGICAL CO

 

2.

Name of Person Relying on Exemption:

Yunqi Capital Limited

 

3.

Address of Person Relying on Exemption:

Unit 3703, 37/F, AIA Tower, 183 Electric Road, North Point, Hong Kong

 

4.

Written Materials. The following written material is attached hereto:

Press release, dated October 25, 2025, attached hereto as Exhibit 1.

* * *

Written material is submitted pursuant to Rule 14a-6(g)(1) promulgated under the Securities Exchange Act of 1934, as amended. This is not a solicitation of authority to vote any proxy. Yunqi Capital Limited (together with its affiliates, “Yunqi Capital”) is not asking for your proxy card and will not accept proxy cards if sent. The cost of this filing is being borne entirely by Yunqi Capital.

PLEASE NOTE: Yunqi Capital is not asking for your proxy card and cannot accept your proxy card. Please DO NOT send us your proxy card.

(Written material follows on next page)


Exhibit 1

Yunqi Capital Issues Letter to STAAR Surgical Board Opposing Adjournment of the Special Meeting and Calling for the Company to Move Beyond the Proposed Merger with Alcon

STAAR Should Not Delay the Inevitable and Should Let Shareholders Vote

Company Should Not Commence a New “Go Shop” Period or Run a Rushed Sales Process

HONG KONG, October 25, 2025 – Yunqi Capital Limited (together with its affiliates and the funds it advises, “Yunqi Capital”), an investment management firm and 5.1% shareholder of STAAR Surgical Company (“STAAR” or the “Company”) (NASDAQ:STAA), today released the following letter to the Board of Directors of STAAR after the decision by STAAR Surgical and Alcon Inc. (SIX/NYSE:ALC) to adjourn STAAR’s Special Meeting of Stockholders to vote on the proposed sale to Alcon on the terms announced on August 5, 2025.

The text of the letter to the Board is as follows:

October 25, 2025

STAAR Surgical Company

25510 Commercentre Drive

Lake Forest, CA 92630

Dear Members of the Board:

We are writing to express our disappointment over the Board’s decision to adjourn the Special Meeting of Stockholders until November 6, 2025. Extending the timeline prolongs uncertainty about STAAR’s future and delays the Board and management team from implementing a clear strategy to accelerate the Company’s momentum, particularly in its largest market of China.

We are also concerned that the Board and Alcon did not communicate a reason for the adjournment. That makes us worry they will use the time window created by this adjournment to amend the existing merger agreement in some manner to try and appear proactive and appeal to shareholders. We believe such efforts would be illusory and would not address any of the fundamental concerns we and other shareholders have been voicing since announcement, and we remind the Company that shareholders will not be appeased by such desperate measures.

Continuing a process while Alcon’s opportunistic $28 per share offer remains outstanding will act as a deterrent for new bidders, and will taint the bidding process. In our view, running a rushed sales process from a position of weakness is unlikely to yield credible interest that offers fair value for STAAR. The Company’s negotiating power would inevitably be impacted by the low, baseline reference point of Alcon’s $28 offer and its predatory terms. Furthermore, based on recent disclosures of the Company, we believe certain members of the Board and management team are conflicted in light of the Alcon transaction and should not be involved in seeking competing offers.


If the Board is serious about securing fair value for shareholders, it should wait until the merger agreement with Alcon is ended and then initiate a disciplined strategic alternatives review at an appropriate time and from a position of strength. Not when it’s best for counterparties, but when it’s best for STAAR. We believe this new process should include a comprehensive market canvass, provide potential counterparties sufficient time to conduct due diligence, and actively engage both strategic buyers and financial sponsors.

Based on our most recent on-the-ground analysis, the market conditions for ICL in China are continuing to improve, which demonstrates increased demand from STAAR’s end customers. We estimate that STAAR is seeing double-digit end demand growth in China during the last couple of months, something that the Company has not experienced in some time. However, if STAAR were to consummate a transaction under the existing Alcon framework, shareholders would not benefit from these positive market trends. We urge STAAR to report its current and historical in-market ICL sales volume from its distributors to their customers (i.e., eye surgery providers). This data will show the health of STAAR’s business in China from a demand perspective. That would put to rest management speculations about less optimistic trends for ICL in China and let the data speak for itself. We think this data, which has been withheld from shareholders to date, would be a material factor for shareholders in making future voting decisions.

We remain confident in STAAR’s long-term prospects and its ability to deliver strong revenue growth and profitability in 2026. We look forward to working constructively with the Board and management team to realize the significant value that we believe STAAR can deliver.

Sincerely,

Christopher M. Wang

Founder and Chief Investment Officer

Yunqi Capital Limited

About Yunqi Capital

Yunqi Capital is a Hong Kong headquartered investment manager with over US$250 million in assets under management. The firm deploys a fundamental long-short equity strategy, with a concentrated portfolio, that is primarily invested in the equity securities of companies with a significant China connection. Yunqi Capital is led by CIO Chris Wang, an experienced portfolio manager with a strong track record of generating attractive returns on capital, controlling portfolio risk and managing investment teams.

Disclaimers

THIS IS NOT A SOLICITATION OF AUTHORITY TO VOTE YOUR PROXY. DO NOT SEND US YOUR PROXY CARD OR OTHER VOTING INSTRUCTION FORM. YUNQI CAPITAL IS NOT ASKING FOR YOUR PROXY AND WILL NOT ACCEPT PROXY CARDS IF SENT. YUNQI CAPITAL IS NOT ABLE TO VOTE YOUR PROXY, NOR DOES THIS COMMUNICATION CONTEMPLATE SUCH AN EVENT.

This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities described herein in any state to any person. This press release does not recommend the purchase or sale of a security. There is no assurance or guarantee with respect to the prices at which any securities of the Company will trade, and such securities may not trade at prices that may be implied herein. In addition, this press release and the discussions and opinions herein are for general information only, and are not intended to provide investment advice.


The information contained or referenced herein is for information purposes only in order to provide the views of Yunqi Capital and the matters which Yunqi Capital believes to be of concern to stockholders described herein. The information is not tailored to specific investment objectives, the financial situations, suitability, or particular need of any specific person(s) who may receive the information, and should not be taken as advice in considering the merits of any investment decision. The views expressed herein represent the views and opinions of Yunqi Capital, whose opinions may change at any time and which are based on analyses of Yunqi Capital and its advisors. In addition, the information contained herein is being publicly disclosed without prejudice and shall not be construed to prejudice any of Yunqi Capital’s rights, demands, grounds and/or remedies under any contract and/or law.

This press release contains forward-looking statements. Forward-looking statements are statements that are not historical facts and may include projections and estimates and their underlying assumptions, statements regarding plans, objectives, intentions and expectations with respect to future financial results, events, operations, services, product development and potential, and statements regarding future performance. Forward-looking statements are generally identified by the words “expects”, “anticipates”, “believes”, “in our view”, “from our perspective”, “intends”, “estimates”, “plans”, “will be”, “would” and similar expressions. Although Yunqi Capital believes that the expectations reflected in forward-looking statements contained herein are reasonable, investors are cautioned that forward-looking information and statements are subject to various risks and uncertainties—many of which are difficult to predict and are generally beyond the control of Yunqi Capital or the Company—that could cause actual results and developments to differ materially from those expressed in, or implied or projected by, the forward-looking information and statements. In addition, the foregoing considerations and any other publicly stated risks and uncertainties should be read in conjunction with the risks and cautionary statements discussed or identified in the Company’s public filings with the U.S. Securities and Exchange Commission, including those listed under “Risk Factors” in annual reports on Form 10-K and quarterly reports on Form 10-Q and those related to the pending transaction involving the Company. The forward-looking statements speak only as of the date hereof and, other than as required by applicable law, Yunqi Capital does not undertake any obligation to update or revise any forward-looking information or statements. Certain information included in this material is based on data obtained from sources considered to be reliable. Any analyses provided to assist the recipient of this material in evaluating the matters described herein may be based on subjective assessments and assumptions and may use one among alternative methodologies that produce different results. Accordingly, any analyses should not be viewed as factual and should not be relied upon as an accurate prediction of future results. All figures are unaudited estimates and, unless required by law, are subject to revision without notice.

Funds and investment vehicles (collectively, the “Yunqi Funds”) managed or advised by Yunqi Capital currently beneficially own shares of the Company. The Yunqi Funds are in the business of trading (i.e., buying and selling) securities and intend to continue trading in the securities of the Company. You should assume the Yunqi Funds will from time to time sell all or a portion of their holdings of the Company in open market transactions or otherwise, buy additional shares (in open market or privately negotiated transactions or otherwise), or trade in options, puts, calls, swaps or other derivative instruments relating to such shares. Consequently, Yunqi Capital’s beneficial ownership of shares of, and/or economic interest in, the Company may vary over time depending on various factors, with or without regard to Yunqi Capital’s views of the pending transaction or the Company’s business, prospects, or valuations (including the market price of the Company shares), including, without limitation, other investment opportunities available to Yunqi Capital, concentration of positions in the portfolios managed by Yunqi Capital, conditions in the securities markets, and general economic and industry conditions. Without limiting the generality of the foregoing, in the event of a change in the Company’s share price on or following the date hereof, the Yunqi


Funds may buy additional shares or sell all or a portion of their holdings of the Company (including, in each case, by trading in options, puts, calls, swaps, or other derivative instruments). Yunqi Capital also reserves the right to change the opinions expressed herein and its intentions with respect to its investments in the Company, and to take any actions with respect to its investments in the Company as it may deem appropriate, and disclaims any obligation to notify the market or any other party of any such changes or actions, except as required by law.

Contact

Chris Wang

cwang@yunqipath.com

Staar Surg

NASDAQ:STAA

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1.30B
49.06M
0.56%
111.03%
8.06%
Medical Instruments & Supplies
Ophthalmic Goods
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United States
MONROVIA