On August 23, during an institutional conference call, Coherent Corp. disclosed that it has markedly intensified its production expansion initiatives this year, with capital expenditures projected to stay elevated in the latter half of the year. This surge is primarily driven by high order visibility and robust demand. The company's move to issue Hong Kong-listed shares was motivated by a strong expectation of vigorous future demand from downstream customers, which in turn spurred the decision to augment capital investment. In July, the company successfully secured USD 7 billion through financing in the Hong Kong stock market, offering robust backing for production expansion and material procurement, as well as facilitating subsequent financing efforts and laying a solid foundation for business growth. The company foresees that capital expenditures will continue to escalate in the second half of the year, accompanied by increased infrastructure investments. Equipment procurement is generally anticipated to be finalized within the first three quarters. Overall, from the latter half of this year to next year, the company's capital expenditures will sustain a significant scale.