Core Viewpoint - Cambridge Technology (06166) plans to raise $100 million through the issuance of H-shares to enhance CIG America’s capabilities in R&D, business expansion, customer service, globalization, and supply chain collaboration [1] Funding Utilization - The $100 million raised will be allocated to several key areas: - Procurement of production equipment to expand high-speed optical module capacity in North America and Southeast Asia, enhancing global delivery capabilities [1] - Increasing overseas R&D scale and capabilities to accelerate the development and iteration of new technologies and products, ensuring technological leadership [1] - Strengthening marketing efforts to expand key markets and customers, building sales channels and customer service systems to support long-term high-speed growth [1] - Strategic procurement and reserve of key components to stabilize and enhance the supply capability of core components, ensuring stable and rapid delivery [1] - Participating in industry chain collaboration to enhance global supply chain security through strategic partnerships [1] - Supplementing operational funds to support ongoing business activities [1]

CIG SHANGHAI CO., LTD. 上海劍橋科技股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：6166） 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何 部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 Gerald G Wong先生 董事長、執行董事及總經理（首席執行官） 上海，2025年12月8日 於本公告日期，本公司董事會包括：(i)執行董事Gerald G Wong先生、趙海波先 生、趙宏偉先生及張傑先生；(ii)獨立非執行董事秦桂森先生、劉貴松先生、姚明龍 先生及袁淑儀女士。 海外監管公告 第五屆董事會第二十三次會議決議公告 本公告乃根據《香港聯合交易所有限公司證券上市規則》第13.10B條而作出。 茲 載 列 上 海 劍 橋 科 技 股 份 有 限 公 司（「 本 公 司 」）在 上 海 證 券 交 易 所 網 站(www.sse.com.cn)及中國報章刊登的本公司第五屆董事會第二十三次會議決議公 告，僅供參閱。 承董事會命 上海劍橋科技股份有限公司 ...

關於向境外全資子公司增資的公告 本公告乃根據《香港聯合交易所有限公司證券上市規則》第13.10B條而作出。 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何 部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 CIG SHANGHAI CO., LTD. 上海劍橋科技股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：6166） 海外監管公告 茲 載 列 上 海 劍 橋 科 技 股 份 有 限 公 司（「 本 公 司 」）在 上 海 證 券 交 易 所 網 站(www.sse.com.cn)及中國報章刊登的本公司關於向境外全資子公司增資的公告， 僅供參閱。 承董事會命 上海劍橋科技股份有限公司 Gerald G Wong先生 董事長、執行董事及總經理（首席執行官） 上海，2025年12月8日 於本公告日期，本公司董事會包括：(i)執行董事Gerald G Wong先生、趙海波先 生、趙宏偉先生及張傑先生；(ii)獨立非執行董事秦桂森先生、劉貴松先生、姚明龍 先生及袁淑儀女士。 证券代码 ...

Market Overview - The Hong Kong stock market faced pressure, with the Hang Seng Index dropping over 1%, closing at 25,965.36 points, down 1.23% or 319.72 points, with a total turnover of HKD 2,062.3 million [1] - The Hang Seng China Enterprises Index fell by 1.25% to 9,083.53 points, while the Hang Seng Tech Index remained flat at 5,662.55 points [1] Blue Chip Performance - Baidu Group-SW (09888) led blue-chip stocks, rising 3.45% to HKD 125.8, contributing 8.38 points to the Hang Seng Index [2] - Other notable performers included SMIC (00981) up 2.94%, China Ping An (02318) up 2.15%, while China Construction Bank (00939) fell 4.01%, dragging the index down by 54.39 points [2] Sector Highlights - Large tech stocks generally declined, with Alibaba down over 1% and Tencent down 0.82% [3] - Chinese brokerage stocks rose against the trend, with Huatai Securities (06886) up 5.17% and GF Securities (01776) up 3.1% [3] - The light communication sector saw significant gains, with Huiju Technology rising over 7% [4] - Lithium stocks mostly increased, with Ganfeng Lithium (01772) up 6.95% and CATL (03750) up 3.28% [5] Regulatory Developments - The Chairman of the China Securities Regulatory Commission (CSRC) emphasized the need to accelerate the development of top-tier investment banks and institutions, indicating a potential easing of regulations for quality institutions [4] - The CSRC plans to optimize risk control indicators and moderately open up capital space and leverage limits, which could benefit leading brokerages [4] New Listings and Stock Movements - Two new stocks were listed, with Zhuoyue Ruixin (02687) surging 87.26% and Naxinwei (02676) declining 4.31% [7] - Restructured Energy (02570) faced a significant drop of 27.33% on its first trading day after the lock-up period ended [8] - Silver Pharma-B (02591) saw a decline of 14.32% following its inclusion in the Hong Kong Stock Connect [9] - Sutech (02498) performed well, rising 5.23% after securing a major order from FAW Toyota [10] Pharmaceutical Sector Updates - The National Healthcare Security Administration announced the addition of 114 new drugs to the 2025 National Medical Insurance Drug List, with a success rate of 88%, up from 76% in 2024 [6]

Market Overview - The Hong Kong stock market faced pressure, with the Hang Seng Index dropping over 1%, closing at 25,965.36 points, down 1.23% or 319.72 points, with a total turnover of HKD 206.23 billion [1] - The Hang Seng China Enterprises Index fell by 1.25% to 9,083.53 points, while the Hang Seng Tech Index remained flat at 5,662.55 points [1] Blue Chip Performance - Baidu Group-SW (09888) led blue-chip stocks, rising 3.45% to HKD 125.8, contributing 8.38 points to the Hang Seng Index [2] - Other notable performers included SMIC (00981) up 2.94% and China Ping An (02318) up 2.15%, while China Construction Bank (00939) fell 4.01%, dragging the index down by 54.39 points [2] Sector Highlights - Major technology stocks generally declined, with Alibaba down over 1% and Tencent down 0.82% [3] - Chinese brokerage stocks rose against the trend, with Huatai Securities (06886) up 5.17% and GF Securities (01776) up 3.1% [3][4] - The light communication sector saw significant gains, with Huiju Technology (01729) rising 7.65% [4] - Lithium stocks mostly increased, with Ganfeng Lithium (01772) up 6.95% and CATL (03750) up 3.28% [5] Regulatory Developments - The Chairman of the China Securities Regulatory Commission (CSRC) emphasized the need to accelerate the development of top-tier investment banks and institutions, indicating a potential easing of regulations for quality institutions [4] - The CSRC plans to optimize risk control indicators and open up capital space and leverage limits [4] New Drug Listings - The National Healthcare Security Administration announced the addition of 114 new drugs to the 2025 National Medical Insurance Drug List, with a success rate of 88%, significantly higher than the previous year's 76% [6] New Listings and Stock Movements - New listings included Zhuoyue Ruixin (02687), which surged 87.26% to HKD 126.4, while Naxin Micro (02676) fell 4.31% [7] - Restructured Energy (02570) saw a significant drop of 27.33% on its first trading day after the lock-up period ended [8] - Silver Pharma-B (02591) experienced a decline of 14.32% as it was adjusted into the Hong Kong Stock Connect [9] - Sutech (02498) performed well, rising 5.23% after securing a major contract with FAW Toyota [10]

每经AI快讯，港股光通信概念逆市走高。截至发稿，长飞光纤光缆(06869.HK)涨5.7，报37.08港元；汇 聚科技(01729.HK)涨5.69%，报16.71港元；剑桥科技(06166.HK)涨5.68%，报86.5港元；鸿腾精美 (06088.HK)涨3.33%，报5.28港元。 （文章来源：每日经济新闻） ...

Group 1 - The core viewpoint is that optical communication concept stocks are rising against the market trend [1][3] - Changfei Fiber Optics (06869) increased by 5.70%, trading at HKD 37.08 [1][3] - Huiju Technology (01729) rose by 5.69%, trading at HKD 16.71 [1][3] - Cambridge Technology (06166) saw an increase of 5.68%, trading at HKD 86.5 [1][3] - Hong Teng Precision (06088) increased by 3.33%, trading at HKD 5.28 [1][3]

Core Viewpoint - Cambridge Technology (06166) is experiencing a stock price increase driven by the growing demand for AI computing power, which is accelerating the global optical module industry towards upgrades to 800G/1.6T [2][5]. Group 1: Company Overview - Cambridge Technology focuses on the research, production, and sales of optical modules, with a leading position in high-end optical modules such as 800G and 1.6T [2][5]. - The company has achieved 100% material availability and shipment completion rates by obtaining multi-source certification for key materials like silicon optical chips and isolators [2][5]. Group 2: Industry Insights - The optical module industry is expected to maintain high prosperity due to the continuous growth in AI computing demand starting from 2025 [2][5]. - Silicon optical modules are gaining recognition from end customers due to their high integration, low energy consumption, and low cost, especially as EML solution raw materials face shortages [2][5]. - Companies that are the first to enter mass production of silicon optical modules are likely to enjoy high margins during the industry's acceleration phase and benefit from the consolidation of market share [2][5].

Group 1 - Cambridge Technology (06166) saw a stock increase of over 6%, currently trading at 86.5 HKD with a transaction volume of 117 million HKD [1] - Driven by the demand for AI computing power, the global optical module industry is accelerating its upgrade to 800G/1.6T [1] - Optical isolators, as key passive components protecting lasers in optical modules, are facing supply shortages of core materials, particularly Faraday rotators, which is constraining production capacity [1] Group 2 - Cambridge Technology focuses on the research, production, and sales of optical modules, leading in high-end optical modules such as 800G and 1.6T [1] - The company has achieved multi-source certification for key materials like silicon photonic chips and isolators, ensuring a 100% material availability and shipment completion rate [1] - Since 2025, the optical module industry is expected to maintain high prosperity due to the continuous growth in AI computing demand, with silicon photonic modules gaining recognition for their high integration, low energy consumption, and low cost [1] Group 3 - Companies that are the first to enter large-scale production of silicon photonic modules are likely to enjoy high margins during the industry's acceleration phase and benefit from market share consolidation [1]

Core Viewpoint - The optical communication sector is experiencing a rise in stock prices despite market conditions, driven by strong demand for AI computing power and related infrastructure [1] Group 1: Stock Performance - Changfei Optical Fiber (601869) shares increased by 5.7%, reaching HKD 37.08 [1] - Huiju Technology (01729) shares rose by 5.69%, priced at HKD 16.71 [1] - Cambridge Technology (603083) shares climbed by 5.68%, trading at HKD 86.5 [1] - Hong Teng Jing Mei (06088) shares went up by 3.33%, now at HKD 5.28 [1] Group 2: Company Developments - Youxun Co., Ltd. has initiated its subscription with an issue price of CNY 51.66 per share and a subscription limit of 0.45 million shares [1] - Youxun is recognized as a "national-level manufacturing champion" in the optical communication field, focusing on the R&D, design, and sales of optical communication front-end transceiver chips [1] Group 3: Industry Insights - Changjiang Securities reports a surge in global AI computing power demand, with cloud service providers showing strong financial results and rapidly accumulating cloud orders [1] - Capital expenditures are being revised upwards, with significant increases in investment [1] - There is a growing demand for data center interconnects, leading to full capacity in optical chip production and a shortage of high-speed optical modules [1] - Expansion in optical fiber, high-speed cables, and liquid cooling equipment is accelerating [1] - The AI and computing sector is on a strong upward trajectory [1]