Hengtong Optic-Electric has revealed its strategy to issue A-shares to a select group of no more than 35 targeted investors, with the objective of amassing a substantial sum of up to 6.636 billion yuan. Following the deduction of issuance-related expenses, the proceeds will be strategically allocated to advance the research and production of next-generation optical fibers, facilitate the establishment of high-end optical new material facilities in Inner Mongolia, drive the research and development of CPO advanced packaging, data intelligent interconnection communication, AI-driven advanced optical interconnection, Jieyang marine energy interconnection along with intelligent operation and maintenance systems, invest in and construct a 10,000-ton deep-sea laying vessel, undertake smart manufacturing industrial base projects, and bolster working capital reserves. The issue price will be set at a minimum of 80% of the average trading price of the stock over the 20 trading days preceding the pricing benchmark date. The total number of shares to be issued will be capped at 740 million, representing no more than 30% of the company's total share capital prior to the issuance.