Huanyuan Communication: Intends to use its own funds of 50 million RMB to establish a wholly-owned subsidiary in Hefei to expand into the new business of vehicle-mounted optoelectronic technology.

Huayuan Communications Announcement, the company plans to establish a wholly-owned subsidiary in Hefei with its own funds of 50 million yuan, and complete the actual payment within 5 years. This investment is part of the company's strategic planning, aiming to enhance overall competitiveness and expand into new business areas in the field of automotive optoelectronics. The subsidiary will focus on the packaging of car LED chips and the manufacturing of light source modules, in line with the company's strategic development plan of deepening industry research and strategic layout in the automotive electronics sector, revolving around its main business of optical fiber and cable.