Hangdian Co., Ltd. announced on July 20 that the company plans to issue shares to specific targets to raise no more than 2.88 billion yuan. After deducting the issuance fee, it will be used in the construction project of a gigafactory for R&D and manufacturing of optical fiber prefabricated rods, quartz base materials and new optical fibers, and a high-end electronic circuit copper foil project with an annual output of 30,000 tons for artificial intelligence.

Hangdian Co., Ltd. announced on July 20 that the company plans to issue shares to specific targets to raise no more than 2.88 billion yuan. After deducting the issuance fee, it will be used in the construction project of a gigafactory for R&D and manufacturing of optical fiber prefabricated rods, quartz base materials and new optical fibers, and a high-end electronic circuit copper foil project with an annual output of 30,000 tons for artificial intelligence.