Zhitong Finance App News, Guangzhi Technology (300489.SZ) announced that Guangdong Xianrui Technology Co., Ltd. (hereinafter referred to as “Xianrui Technology”), a holding subsidiary of the company, signed a “LETTER OF INTENT” (long-term supply intention agreement) with Coherent Corp. According to the agreement, Pioneer Technology will supply 6-inch indium phosphide substrates for Coherent Corp.'s plants in Switzerland and Sweden from 2027 to 2029, with an estimated transaction amount of no less than US$601 million.

Zhitong Finance App News, Guangzhi Technology (300489.SZ) announced that Guangdong Xianrui Technology Co., Ltd. (hereinafter referred to as “Xianrui Technology”), a holding subsidiary of the company, signed a “LETTER OF INTENT” (long-term supply intention agreement) with Coherent Corp. According to the agreement, Pioneer Technology will supply 6-inch indium phosphide substrates for Coherent Corp.'s plants in Switzerland and Sweden from 2027 to 2029, with an estimated transaction amount of no less than US$601 million.