Recently, Tianfu Communications released a record sheet of investor relations activities. Among them, it was mentioned that in the first half of 2026, due to the tight supply of some bottlenecks, the company's phased production capacity release and delivery pace was limited to a certain extent, which in turn had a certain impact on the growth of active optical device performance. Currently, the tight supply of related key materials has been significantly reduced compared to the previous period. In the future, the company will continue to strengthen supply chain management for key materials, further improve supply guarantee mechanisms, enhance supply chain stability and resilience, and do its best to ensure production capacity climbing and product delivery. Looking at industry demand, as AI computing power infrastructure construction continues to advance, demand for high-speed optical interconnection is growing rapidly. The company has long been optimistic about the development opportunities of the optical interconnection industry, especially the growth space in emerging technology directions such as CPO and NPO. In the restricted stock incentive plan launched by the company in 2026, corresponding assessment targets were set for 2027 to 2029. The formulation of relevant targets is mainly based on the company's comprehensive judgment on industry sentiment, customer demand trends, and the future volume pace of core products such as CPO and NPO. In the future, the company will continue to focus on customer needs and the direction of industry technology evolution, continue to increase investment in product research and development, capacity construction, market expansion and supply chain security, and strive to seize industry development opportunities and promote the sustainable and healthy development of the company's business.

Recently, Tianfu Communications released a record sheet of investor relations activities. Among them, it was mentioned that in the first half of 2026, due to the tight supply of some bottlenecks, the company's phased production capacity release and delivery pace was limited to a certain extent, which in turn had a certain impact on the growth of active optical device performance. Currently, the tight supply of related key materials has been significantly reduced compared to the previous period. In the future, the company will continue to strengthen supply chain management for key materials, further improve supply guarantee mechanisms, enhance supply chain stability and resilience, and do its best to ensure production capacity climbing and product delivery. Looking at industry demand, as AI computing power infrastructure construction continues to advance, demand for high-speed optical interconnection is growing rapidly. The company has long been optimistic about the development opportunities of the optical interconnection industry, especially the growth space in emerging technology directions such as CPO and NPO. In the restricted stock incentive plan launched by the company in 2026, corresponding assessment targets were set for 2027 to 2029. The formulation of relevant targets is mainly based on the company's comprehensive judgment on industry sentiment, customer demand trends, and the future volume pace of core products such as CPO and NPO. In the future, the company will continue to focus on customer needs and the direction of industry technology evolution, continue to increase investment in product research and development, capacity construction, market expansion and supply chain security, and strive to seize industry development opportunities and promote the sustainable and healthy development of the company's business.