Hongjing Optoelectronics: plans to invest 1.533 billion yuan to build a research and development manufacturing headquarters base.

Hongjing Optoelectronics announced on August 8th that the company plans to invest in the construction of a research and development manufacturing headquarters base in Zhongshan City. The total investment for the project is estimated to be 1.533 billion yuan, with fixed asset investment expected to be 750 million yuan. The company has passed the resolution of the board of directors and authorized the management to handle related matters. The project will be carried out in phases, with an expected investment of 150 million yuan in 2025. The company stated that this investment will not affect normal business activities and will not have a significant adverse impact on financial condition and operating results. However, it should be noted that the investment proposal still requires approval from the shareholders' meeting, uncertainty exists in obtaining the project's land use rights, and there may be risks in project implementation.