On August 7, Focuslight Technologies unveiled its strategic initiative to issue shares, capping the issuance at no more than 5% of the company's total share capital prior to the offering. This translates to a maximum of 6.5069 million A-shares, which will be offered to a select group of no more than 35 targeted investors. The primary objective of this move is to amass a substantial sum, not exceeding 1.021 billion yuan. Following the deduction of issuance-related expenses, the proceeds from this share issuance are earmarked for several key projects. These encompass the enhancement of R&D and industrialization capabilities for core optical components tailored for high-end optical interconnects, the advancement of an industrialization project focused on high-performance substrate materials essential for high-speed optical communication lasers, the development of an industrialization project centered on high-end equipment for core optical interconnect devices, as well as bolstering the company's working capital reserves.