Guangxun Technology: intends to issue up to 242 million shares to specific targets.

Guangxun Technology announcement: It plans to issue A shares to no more than 35 specific objects, including the actual controller of the company, China Electronics Group, who meet the conditions stipulated by the China Securities Regulatory Commission. The number of shares to be issued will not exceed 242 million, and the total amount of funds to be raised is expected to be no more than 3.5 billion yuan. After deducting issuance expenses, the funds will be used for the construction project of the computing power center, high-speed optical connection and high-speed optical transmission product production, high-speed optical interconnection and emerging optoelectronic technology research and development project, and supplementary working capital.