On July 10, Tongyu Communications issued an announcement stating that the company's board of directors deliberated and passed two important proposals: to permanently supplement the remaining capital raised by 257 million yuan from the two discontinued fund-raising projects, and to adjust the internal investment structure of the “Next Generation High-Performance Antenna Project”. Among them, changes in the use of funds still need to be submitted to the company's shareholders' meeting for consideration. The company said that this change in the use of capital will not affect R&D capabilities. The core R&D business of satellite communications has been taken over by Chengdu Juji Millimeter Wave Technology Co., Ltd., a wholly-owned subsidiary, and the original core R&D team, technical reserves and R&D system have been completely preserved. At the same time, the company has established a normalized and stabilized R&D investment mechanism in its daily operations, and its own operating capital can fully guarantee core technology research and development needs.

On July 10, Tongyu Communications issued an announcement stating that the company's board of directors deliberated and passed two important proposals: to permanently supplement the remaining capital raised by 257 million yuan from the two discontinued fund-raising projects and adjust the internal investment structure of the “Next Generation High-Performance Antenna Project”. Among them, changes in the use of funds still need to be submitted to the company's shareholders' meeting for consideration. The company said that this change in the use of capital will not affect R&D capabilities. The core R&D business of satellite communications has been taken over by Chengdu Juji Millimeter Wave Technology Co., Ltd., a wholly-owned subsidiary, and the original core R&D team, technical reserves and R&D system have been completely preserved. At the same time, the company has established a normalized and stabilized R&D investment mechanism in its daily operations, and its own operating capital can fully guarantee core technology research and development needs.