Shanghai Fudan Forward S&T (600624.SH) subsidiary plans to increase capital by 48.87 million yuan for Lianguang Yuanhe.

Shanghai Fudan Forward S&T (600624.SH) announced that its holding subsidiary, Shanghai Fuhua Information Technology Co., Ltd. (referred to as "Fuhua Information"), plans to invest 48.87 million yuan to participate in the total capital increase of 398.87 million yuan of LG-Ericsson (Shanghai) Enterprise Development Co., Ltd. (hereinafter referred to as "LG-Ericsson"). The above capital increase will be jointly completed by some original shareholders and new investors, and the funds raised will focus on the commercialization of short to medium to long-range ultra-wideband and high-speed rate communication systems. After the completion of this transaction, Fuhua Information will hold 3.0565% of the equity of the target company. LG-Ericsson focuses on research and development and manufacturing in the optical field, aiming to achieve large-scale systems that integrate on-chip, optical fiber, and space-based mixed media, and realize downstream industrial applications based on the overflow technology of each module. Fuhua Information plans to increase its investment in LG-Ericsson, and the funds raised in this capital increase will focus on the commercialization of short to medium to long-range ultra-wideband and high-speed rate communication systems.