On the evening of July 20, Hangdian Co., Ltd. disclosed plans to issue A-shares to specific targets in 2026. The company plans to issue shares to no more than 35 specific investors, and the total capital raised will not exceed 2,8798.6 billion yuan. After deducting the issuance fee, it will all be used for 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.”

On the evening of July 20, Hangdian Co., Ltd. disclosed plans to issue A-shares to specific targets in 2026. The company plans to issue shares to no more than 35 specific investors, and the total capital raised will not exceed 2,8798.6 billion yuan. After deducting the issuance fee, it will all be used for 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.”