Core Viewpoint - The Hong Kong stock market has seen a significant rise in optical communication concept stocks, indicating positive market sentiment in this sector [1] Group 1: Stock Performance - Cambridge Technology (06166.HK) increased by 6.13%, reaching HKD 88.3 [1] - Hong Teng Precision (06088.HK) rose by 5.74%, trading at HKD 4.97 [1] - Huiju Technology (01729.HK) saw a gain of 5.43%, with a price of HKD 15.54 [1] - Hua Hong Semiconductor (01347.HK) climbed by 4.33%, priced at HKD 97.6 [1]

Core Viewpoint - The optical communication sector is experiencing a significant rally, driven by TSMC's announcement of a substantial increase in capital expenditure and the ongoing demand for AI computing power, which is expected to boost the optical module industry [1] Group 1: Company Performance - Cambridge Technology (603083) shares rose by 6.13%, reaching HKD 88.3 [1] - Hong Teng Precision (06088) shares increased by 5.74%, reaching HKD 4.97 [1] - Huijun Technology (01729) shares climbed by 5.43%, reaching HKD 15.54 [1] - Huahong Semiconductor (01347) shares grew by 4.33%, reaching HKD 97.6 [1] Group 2: Industry Insights - TSMC's CEO announced a capital expenditure plan for 2026 that could reach USD 56 billion, a 37% increase from the actual expenditure of USD 40.9 billion in 2025, marking a historical high for the company [1] - TSMC's management indicated that capital expenditures will significantly increase over the next three years, with a long-term gross margin target of 56% or higher [1] - Guotou Securities reported that the demand for AI computing power is expanding, leading to sustained growth in the optical module industry, which presents opportunities across the supply chain [1] - The firm anticipates that global cloud providers' capital expenditures will continue to rise in 2026, driven by AI cluster expansions, the rollout of new computing platforms, and the implementation of technologies such as 1.6T/CPO [1]

Core Viewpoint - The optical communication sector is experiencing a significant rally, driven by TSMC's announcement of a substantial increase in capital expenditure for 2026, which is expected to reach a historical high of $56 billion, a 37% increase from 2025's actual spending of $40.9 billion [1] Group 1: Company Performance - Cambridge Technology (06166) shares rose by 6.13% to HKD 88.3 [1] - Hong Teng Precision (06088) shares increased by 5.74% to HKD 4.97 [1] - Huiju Technology (01729) shares climbed by 5.43% to HKD 15.54 [1] - Hua Hong Semiconductor (01347) shares went up by 4.33% to HKD 97.6 [1] Group 2: Industry Insights - TSMC's management indicated that capital expenditures will significantly increase over the next three years, with a long-term gross margin target of 56% or higher being achievable [1] - Guotou Securities reported that the demand for AI computing power is continuously expanding, leading to sustained growth in the optical module industry, which presents opportunities across the supply chain [1] - The new round of AI computing infrastructure development is expected to drive high growth in demand for high-speed optical modules [1] - It is anticipated that global cloud vendors' capital expenditures will continue to rise in 2026, supported by AI cluster expansions, the rollout of new generation computing platforms, and the implementation of technologies such as 1.6T/CPO [1]

Group 1 - The optical communication sector is experiencing a collective rebound, with notable stock price increases for companies such as Huahong Semiconductor (up 5.69% to HKD 94.8), Jingxin Communication (up 5.44% to HKD 2.52), Hongteng Precision (up 5.66% to HKD 4.67), and Huiju Technology (up 2.11% to HKD 14.99) [1][1][1] Group 2 - At CES 2026, NVIDIA announced the Rubin architecture, which is a significant milestone in its data center hardware roadmap, integrating CPU, GPU, DPU, NIC, NVLink interconnect, and Ethernet switching into a comprehensive solution [1][1] - The primary goal of the Rubin platform is to significantly enhance AI performance and energy efficiency, with single GPU AI inference performance improving by 5 times and training performance by 3.5 times compared to previous generations [1][1] - Shanxi Securities released a report indicating that Rubin Ultra is expected to become a crucial milestone for the large-scale industrialization of Scaleup CPO, with Trainium4 and TPUv8 anticipated to be important drivers for CPO/NPO in 2027/28 [1][1] - Key investment aspects of CPO include high-density plug cores and extensive fiber optics resulting from shufflebox and multi-segment fiber wiring, advanced packaging of OE, and a large number of customized FAUs [1][1]

Group 1 - The optical communication sector is experiencing a downturn, with companies like Huiju Technology (01729) down 5.64% to HKD 15.9, Cambridge Technology (603083) down 5.56% to HKD 86.65, and Yangtze Optical Fibre (601869) down 3.39% to HKD 49.32 [1] - Overnight, Lumentum, a US optical communication stock, fell over 7%, negatively impacting market sentiment for the sector today [1] - According to a recent report by Guotou Securities, the optical module market is expected to see growth driven by AI demand expansion and high-end structural releases in 2026 [1] Group 2 - The new wave of AI computing infrastructure is expected to drive high demand for optical modules, with global cloud vendors' capital expenditures projected to continue on an upward trend [1] - Key drivers include the expansion of AI clusters, the rollout of next-generation computing platforms, and the implementation of technologies such as 1.6T/CPO [1] - The industry is evolving through two pathways: Scale-out, which expands horizontally through leaf spine architecture, amplifying optical module demand, and Scale-up, which breaks through copper cable bandwidth and distance limitations, accelerating the penetration of high-end optical modules in applications like GPU cabinet interconnection and memory pooling [1]

Group 1 - The optical communication sector is experiencing a decline, with companies like Huiju Technology (01729) down 5.64% to HKD 15.9, Cambridge Technology (06166) down 5.56% to HKD 86.65, and Yangtze Optical Fibre and Cable (06869) down 3.39% to HKD 49.32 [1] - The drop in the sector is influenced by a significant decline in the US optical communication stock Lumentum, which fell over 7%, affecting market sentiment [1] - According to a recent report from Guotou Securities, the optical module market is expected to see growth driven by AI demand expansion and high-end structural releases by 2026, with a continued upward trend in global cloud vendor capital expenditures [1] Group 2 - The report highlights that the new round of AI computing power construction will drive high growth in the demand for high-speed optical modules, supported by the expansion of AI clusters and the rollout of next-generation computing platforms [1] - The industry is evolving through two main paths: Scale-out, which expands horizontally through leaf spine architecture, amplifying optical module demand through a "multiplier effect," and Scale-up, which breaks through the bandwidth and distance limitations of copper cables, accelerating the penetration of high-end optical modules in applications like GPU cabinet interconnection and memory pooling [1]

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 匯聚科技有限公司 呈交日期： 2026年1月2日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 不適用 | | | 於香港聯交所上市 | 是 | | | | 證券代號 (如上市) | 01729 | 說明 | | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | | 庫存股份變動 | | | | | 事件 | | 已發行股份（不包括庫存股 ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年12月31日 狀態: 新提交 致：香港交易及結算所有限公司 FF301 II. 已發行股份及/或庫存股份變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01729 | 說明 | | | | | | | | | 已發行股份（不包括庫存股份）數目 | | 庫存股份數目 | | 已發行股份總數 | | | 上月底結存 | | | 1,959,299,000 | | 0 | | 1,959,299,000 | | 增加 / 減少 (-) | | | 22,666,404 | | | | | | 本月底結存 | | | 1,981,965,404 | | 0 | | 1,981,965,404 | 公司名稱: 匯聚科技有限公司 呈交日期: 2026年1月2日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份 ...

(Incorporated in Cayman Islands with limited liability) （於開曼群島註冊成立的有限公司） （Stock Code 股份代號：1729） Dear Non-registered Holder, Time Interconnect Technology Limited (the "Company") – Notification of publication of Circular dated 31 December 2025 together with Notice of Extraordinary General Meeting and Form of Proxy (the "Current Corporate Communication") The English and Chinese versions of the Company's Current Corporate Communications are available on the Company's website at www.time-interconnect.com and the ...

(Incorporated in Cayman Islands with limited liability) （於開曼群島註冊成立的有限公司） （Stock Code 股份代號：1729） NOTIFICATION LETTER 通知信函 Dear Registered Shareholders. 31 December 2025 Time Interconnect Technology Limited (the "Company") – Notification of publication of Circular dated 31 December 2025 together with Notice of Extraordinary General Meeting and Form of Proxy (the "Current Corporate Communication") The English and Chinese versions of the Company's Current Corporate Communications are now available on the Compan ...