[Huali Group: The planned investment in optical communications companies is a financial investment and will still focus on the main business of shoemaking] On November 11th, in response to the matter of planning to spend up to approximately US$500 million to invest in optical communications companies, Huali Group responded to reporters on November 11 that the company’s investment was aimed at increasing financial returns and creating greater value for shareholders. The company uses its own funds to make financial investments and does not seek a controlling position. The technology of the target company has certain advanced nature and is in line with leading international companies, and the company is optimistic about its future development. As of now, this investment has been authorized by the board of directors, and the specific investment amount, proportion, and valuation of the target company are still under further discussion. (CSI Taurus)