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Suqian Liansheng announced that it has signed a with Zhu Ronghui and Huizhi Guangxin. The three parties intend to jointly invest RMB 10 million to establish a joint venture company focused on the research and development, production, and sales of indium phosphide substrates. Suqian Liansheng will contribute RMB 7 million, holding a 70% stake. The project will be carried out in two phases: Phase I involves a fixed investment of RMB 100 million, with an expected annual production capacity of 120,000 4-6 inch indium phosphide substrates; Phase II plans to add an investment of RMB 200 million, increasing the production capacity to 400,000 wafers/year. This investment is still subject to review by the shareholders' meeting and remains uncertain.
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