Datang Telecom: Strategic Delay in Investment Projects, Alongside Revised Investment Sums and Structures
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Author:小编   

On July 9, Datang Telecom made a public announcement regarding its intention to reschedule the "Research and Development and Industrialization Project of New High-Performance Series Security Chips" and the "Research and Development and Industrialization Project of 5G Special Communication Industry Private Network Products". The anticipated completion dates for both initiatives have been pushed back, extending from August 2026 to December 2028. Specifically, the investment earmarked for the "Research and Development and Industrialization Project of New High-Performance Series Security Chips" will see an augmentation, rising from RMB 200 million to RMB 260 million. Conversely, the budget allocated to the "Research and Development and Industrialization Project of 5G Special Communication Industry Private Network Products" will undergo a reduction, decreasing from RMB 300 million to RMB 240 million. Furthermore, the company intends to implement corresponding modifications to the internal investment frameworks of these two projects. This proposed adjustment scheme has already secured endorsement from the board of directors and is pending submission for approval at the forthcoming shareholders' meeting.