HK Stock Market Move | CHINA HONGGUANG (08646) rose more than 40%, officially expanding its TGV glass-based copper clad laminate new material business.

CHINA HONGGUANG (08646) rose more than 40%, as of press time, up 40.19%, at 0.3 Hong Kong dollars, with a turnover of 8.3049 million Hong Kong dollars. On the news front, on the evening of June 21st, CHINA HONGGUANG announced that its indirectly wholly-owned subsidiary, Guangdong Longguang New Material Technology Co., Ltd., officially expanded 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 their advantages of low dielectric loss, low expansion, and high stability, are on track for high industry growth. The Group's existing coated conductive glass and ultra-thin special glass deep processing products, along with the flame-retardant composite board production capacity, have upstream raw material advantages and possess a foundation for vertical integration of research and production. The announcement stated that 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 pilot production line in the second half of the year, and future expansion will be carried out in stages according to customer certification progress. The funds for this project will be supported by the operational cash flow of the Group's new materials sector, and additional financing may be considered for expansion as needed.