CHINA HONGGUANG (08646): Officially expanding TGV glass-based copper clad laminate new materials business

CHINA HONGGUANG (08646) announced that its indirect wholly-owned subsidiary Guangdong Longguang New Material Technology Co., Ltd. is officially expanding its TGV glass-based copper-clad laminate new material business. With the explosion of demand for AI chips and advanced semiconductor packaging, TGV glass substrates, with advantages such as low dielectric loss, low expansion, and high stability, are positioned in a high-growth industry track. The Group's existing coated conductive glass and ultra-thin special glass deep processing products, as well as flame-retardant composite sheet production capacity, leverage upstream raw material advantages and have the basis for vertical integration of research and production. This project's products cover AI computing power packaging carriers, automotive energy storage electronic substrates; in the first half of 2026, an industrial chain will be established in Shenzhen, with a trial production line to be set up in the second half of the year, and subsequent production expansion will be carried out in stages based on customer certification progress. The project funding will be supported by the Group's new materials segment's operating cash flow, with the possibility of additional financing for expansion as needed. The board of directors believes that this new business will enhance the Group's advanced new materials industry chain, open up a second growth curve, and simultaneously increase the Group's revenue. The company will continue to monitor the progress of this project and disclose information in a timely manner.