On October 8th, in response to the 'FCC65%' provisions referenced in a Morgan Stanley report and their potential influence on the company's stock price, representatives from Everbright Hi-Tech's securities department clarified that the report simply presents a policy scenario deduction rather than an official regulation or stipulation, offering just one perspective on the matter. The optical modules and associated materials discussed in the report pertain to the 3.2T category. However, it's important to note that the domestic 3.2T industry is still in its nascent stages, with mass production not anticipated until the 2028-2029 period. The primary products slated for shipment this year and the next will predominantly be 800G and 1.6T, both of which are currently experiencing a severe shortage in the market. It is expected that the domestic optical chip market will sustain its rapid growth trajectory in the short term.