On February 9, Yuanjie Technology (688498.SH) made an announcement revealing that the company intends to allocate approximately 1.251 billion yuan towards the construction of the Phase II project of its R&D and production base for optoelectronic communication semiconductor chips and devices. The funding for this ambitious endeavor will be sourced from the company's own reserves and self-raised capital. This project has already received the green light from the board of directors, though it still awaits the final approval of the shareholders' meeting.

Centered on the cutting-edge field of high-speed optical chips, the project is slated to span a construction period of 18 months and is currently in the preliminary preparation phase. Yuanjie Technology clarified that the execution of this project will not disrupt its existing core business operations. However, it acknowledged the presence of potential risks, including those associated with fundraising efforts, macroeconomic fluctuations, shifts in industry policies, and changes in the market environment.