A · Important
[Cambridge Technology: Plans to change the use of proceeds from the H-share sale of 1,768.5 million Hong Kong dollars for the expansion of optical module production capacity] On October 30, Cambridge Technology (603083.SH) announced that the company’s board of directors reviewed and approved a proposal to change the use of proceeds from the H-share sale, and planned to use the remainder originally planned for broadband products and wireless product production capacity. The balance of HK$1,275.4 million and part of the R&D and marketing balance of HK$493.1 million, totaling HK$1,768.5 million, will be used for the expansion of optical module production capacity, including but not limited to the production machines, equipment and raw materials required to expand optical module production capacity, and the upgrading of existing equipment, especially to improve the level of full automation of the production process.
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