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Mingpu Optomagnetic increased the production capacity of 800G optical modules in the "Optical Transceiver and Optical Device Product Reconstruction Project" - Xunshi Optical Communication Network

Mingpu Optomagnetic increased the production capacity of 800G optical modules in the "Optical Transceiver and Optical Device Product Reconstruction Project"

Abstract:Mingpu Optomagnetic adjusted the investment method for the implementation of the fund-raising project of Mingqing Electronics, and adjusted the original plan to provide 274 million yuan of interest-free loans to Mingqing Electronics for the construction of fund-raising projects, and adjusted to use the raised funds to increase the capital of Mingqing Electronics by 172 million yuan for the construction of fund-raising projects. It was agreed that the company would use the raised funds to increase the capital of Hubei Mingpu by 19.52 million yuan and provide interest-free loans of no more than 92 million yuan, and provide interest-free loans of no more than 14.15 million yuan to Miyang Mingpu to implement the fund-raising project "Optical Module and Optical Device Product Reconstruction Project".

ICC News On October 15, Dongguan Mingpu Optomagnetic Co., Ltd. (hereinafter referred to as "Mingpu Optomagnetic" or "the company", 002902) issued an announcement on the resolution of the fourth meeting of the fifth board of directors, agreeing that the company will adjust the investment method for the implementation of the fund-raising project of Mingqing Electronics, and will provide an interest-free loan of 274 million yuan to Mingqing Electronics for the construction of the fund-raising project, and adjust it to use the raised funds to increase the capital of Mingqing Electronics by 172 million yuanIt is used for the construction of fundraising projects. It was agreed that the company would use the raised funds to increase the capital of Hubei Mingpu by 19.52 million yuan and provide interest-free loans of no more than 92 million yuan, and provide interest-free loans of no more than 14.15 million yuan to Miyang Mingpu to implement the fund-raising project "Optical Module and Optical Device Product Reconstruction Project".

The announcement pointed out that this board meeting was held on October 14, 2024, and voting was conducted in person and by means of communication voting.

The "Proposal on Adjusting and Confirming the Investment Methods of Raised Funds for the Construction of Subsidiary Construction and Investment Projects" was unanimously approved. Agreed that the company would adjust the investment method for the implementation of the fundraising project of Mingqing Electronics, and provide the original plan to Mingqing Electronics The interest-free loan of 274.5947 million yuan was used for the construction of the fund-raising project, which was adjusted to use the raised funds to increase the capital of Mingqing Electronics by 17,259.47 10,000 yuan will be used for the construction of fund-raising projects. It was agreed that the company would use the raised funds to increase the capital of Hubei Mingpu by 19.5198 million yuan and provide interest-free loans of no more than 92.00 million yuan, and provide interest-free loans to Miyang Mingpu respectively 14.1568 million yuan to implement the fund-raising project "Optical Transceiver and Optical Device Product Reconstruction Project".

In addition, a few days ago, an investor asked Mingpu Optomagnetic whether the company's previous fixed increase funds have been used for the mass production of 800G optical modules?

Mingpu Optomagnetic replied that the company held a general meeting of shareholders on October 14, 2024 to deliberate and pass the "Proposal on Changing the Use of Part of the Raised Funds", and has planned to increase the production capacity of 800G optical modules in the new fund-raising project "Optical Module and Optical Device Product Reconstruction Project". It is indeed difficult to bring 800G optical modules to the market in batches, but the company has always insisted on it. Thank you for your attention.

Another investor asked on the investor interactive platform: Is the company's 800G optical module still in the PVT stage?

Mingpu Optomagnetic replied that the company's 800G optical module is currently in the PVT stage, and the company is also constantly improving the technical solution, how to minimize the cost at the mass production end, how to have a higher level of automation at the mass production end, and how to achieve scale effect with higher standardization of products at the mass production end...... These are all factors that we continue to consider and optimize for. Please pay attention to the investment risks.