Core Viewpoint - Cambridge Technology (06166.HK) experienced a decline of nearly 5% after a previous increase of over 7% [2] Group 1 - As of the latest update, the stock price is down 4.7%, trading at HKD 80.05 [2] - The trading volume reached HKD 87.4674 million [2]

Core Viewpoint - Cambridge Technology (06166) experienced a nearly 5% decline in stock price after a previous increase of over 7%, indicating market volatility despite positive operational updates [1] Business Performance - In Q3, the optical module business showed significant growth, particularly with the ongoing expansion of 800G optical modules, leading to increased production capacity and shipment volume [1] - For Q4, the company anticipates substantial delivery pressure across its three main business segments: broadband, wireless, and optical modules, with customer demand increasing compared to Q3 [1] - The overall operational outlook for Q4 is positive, with expectations of continued growth across all three business segments [1] Future Projections - The company expects to achieve significant shipments of 1.6T optical modules by Q1 2026, with an anticipated shipment proportion of approximately 20% for that year, which is expected to increase over time [1] - The 800G optical module is projected to remain the primary product for shipments in 2026, with both 800G and 1.6T module proportions adjusting dynamically based on market demand and production capacity [1] - The current progress of capacity ramp-up for both 800G and 1.6T optical modules aligns with the company's internal operational plans, aiming for an annualized capacity of 2.3 million units by the end of this year [1]

Core Viewpoint - Cambridge Technology (06166.HK) has fully exercised its over-allotment option, resulting in the issuance of 10,051,500 shares, which accounts for approximately 15% of the initially available shares for subscription under the global offering [1] Group 1: Over-allotment Details - The over-allotment shares will be issued at a price of HKD 68.88 per share, which is the same as the global offering price [1] - The net proceeds from the issuance of the over-allotment shares are approximately HKD 677 million [1] - The Hong Kong Stock Exchange has approved the listing and trading of the over-allotment shares, which are expected to commence on November 12, 2025 [1] Group 2: Business Outlook - The overall business performance for the fourth quarter is positive, with all three major business segments expected to maintain continuous growth [1]

Group 1 - Cambridge Technology (06166) announced that the sole sponsor and overall coordinator has fully exercised the over-allotment option as stated in the prospectus on November 10, 2025, involving a total of 10.0515 million shares, accounting for approximately 15% of the initially available shares for subscription under the global offering before the exercise of the over-allotment option [1] - The over-allotment shares will be issued and allocated by the company at a price of HKD 68.88 per share [1] - The over-allotment shares will be used to facilitate the delivery of certain H-shares to subscribers who have agreed to delay the delivery of their subscribed H-shares under the global offering and/or to cover any over-allocation in the international offering, if applicable [1]

Group 1 - Cambridge Technology (06166) announced that the sole sponsor and overall coordinator has fully exercised the over-allotment option as stated in the prospectus on November 10, 2025, involving a total of 10.0515 million shares for sale, accounting for approximately 15% of the initially available shares for subscription under the global offering before the exercise of the over-allotment option [1] - The over-allotment shares will be issued and allocated by the company at a price of HKD 68.88 per share [1] - The over-allotment shares will be used to facilitate the delivery of certain H-shares to subscribers who have agreed to delay the delivery of their subscribed H-shares under the global offering and/or to cover any over-allocation in the international offering, if applicable [1]

香港交易及結算所有限公司、香港聯合交易所有限公司（「聯交所」）及香港中央結算有限公司對 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，並明確表示概不會就本公告 全部或任何部分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。 本公告不得直接或間接於或向美國（包括其領土及屬地、美國任何州以及哥倫比亞特區）或法律 禁止有關派發的任何其他司法管轄區發佈、刊發、派發。本公告並不構成證券的任何出售要約 或招攬買入、購買或認購的要約或其組成部分，亦不得在美國境內或有關要約或招攬屬違法的 任何其他司法管轄區出售任何發售股份。本公告提及的證券並無亦不會根據1933年美國證券法 （經不時修訂）（「美國證券法」）或美國任何州的證券法登記。證券不得在美國境內或向或代表美 國人士（定義見美國證券法S規例（「S規例」））或為其利益而提呈發售、出售、質押或轉讓，惟 根據美國證券法的登記規定可獲豁免或於不受其規限的交易，並遵守任何適用州證券法則另作 別論。證券將不會在美國公開發售。發售股份乃依據美國證券法S規例以離岸交易方式僅在美 國境外提呈發售及出售。 本公告僅作說明用途，並不構成收購、購買或認購本公司證券的邀請或要約 ...

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 投資者關係活動記錄表 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」）在上證e互動平台(sns.sseinfo.com)本 公司的「上市公司發佈」欄目刊登的投資者關係活動記錄表，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） 证券代码：603083 证券简称：剑桥科技 上海剑桥科技股份有限公司 投资者关系活动记录表 编号：2025-005 | 投资者关系 | □特定对象调研 □分析师会议 □媒体采访 | | --- | --- | | 活动类别 | ■业绩说明会 □新闻发布会 □路演活动 | | | □现场参 ...

Summary of Cambridge Technology Conference Call Company Overview - **Company**: Cambridge Technology - **Industry**: Optical Modules Key Points Financial Performance - Cambridge Technology's revenue for the first three quarters of 2025 reached 3.3 billion RMB, falling short of the 750 million Euro threshold set by the OECD's Pillar Two tax regime [2][4][5] - The company expects to maintain a positive outlook for Q4 2025 despite facing delivery pressures, driven by increased customer demand [2][3] Market Demand and Growth - The demand forecast for optical modules, particularly 800G, has been consistently revised upwards, with expectations that demand may exceed 100 million units by 2027 [2][6] - The company is closely collaborating with clients to ensure future delivery plans and material preparations, indicating a robust growth phase in the industry [2][6] Product Development and Technology - Silicon photonics technology is gaining high acceptance in the market, with most of Cambridge Technology's products above 800G utilizing this solution [2][7] - The company has signed supply agreements with five strategic partners to secure CW light source supplies and has addressed key material issues such as silicon photonic engines and DSPs [2][8] Production Capacity and Plans - Cambridge Technology aims to achieve a production capacity of 2.3 million units by the end of 2025, slightly exceeding expectations, and plans to reach 5 million units by the end of 2026, including both 800G and 1.6T production lines [4][15] - The 1.6T product is expected to account for 20% of total production capacity by the end of 2026 [29] Customer Base and Market Expansion - The company is expanding its business not only through existing customers but also by acquiring new clients, indicating a successful market share expansion for its high-speed optical modules [4][9] - Major clients are expected to drive the demand for 1.6T modules, with significant interest from large customers who require high bandwidth solutions [17] Pricing and Profitability - The current price range for 800G modules is approximately $350 to $400, while 1.6T modules are priced above $1,000, with expectations of price reductions in 2026 [19] - The gross margin for the first half of the year reached 32.4%, with projections to maintain above 40% in 2026 as production scales up [26][31] Supply Chain and Material Preparedness - The company has made sufficient preparations for key materials such as lasers and DSP chips, ensuring supply chain stability through annual agreements [25] - The assembly yield is reported to be above the industry average, contributing to the current gross margin levels [33] Strategic Partnerships and Future Outlook - Cambridge Technology is actively pursuing partnerships with new suppliers to meet diverse customer needs and ensure flexibility in responding to market demands [12][14] - The company is also exploring opportunities with major clients like Nokia, which may lead to increased demand for optical modules in 2026 [28] Challenges and Risks - The company acknowledges potential supply chain challenges, particularly concerning the availability of 800G capacity, which may be slightly below the target of 600,000 units for 2025 [21] - The impact of the OECD's Pillar Two tax regime is being monitored, although the company does not expect to be affected in the short term [4][5] Conclusion Cambridge Technology is positioned for growth in the optical module market, driven by increasing demand for high-speed solutions and strategic partnerships. The company is focused on expanding its production capacity and ensuring supply chain stability while navigating potential challenges in the evolving market landscape.

截至月份: 2025年10月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 上海劍橋科技股份有限公司 FF301 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 呈交日期: 2025年11月6日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | H | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 06166 | 說明 | H股 | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 67,010,500 | RMB | | 1 RMB | | 67,010,500 | | 增加 / 減少 (-) | | | | | | RMB | | | | 本月底結存 | | | 67,010,500 | RMB | | 1 RMB | | 67,010,500 | | 2. 股份分類 | 普通股 | 股份類別 | A | ...

Core Viewpoint - Cambridge Technology (06166.HK) plans to participate in the "2025 Shanghai Listed Companies Q3 Collective Performance Briefing" on November 13, 2025, to provide insights into its Q3 2025 operational results, financial status, core business progress, and future development plans [1] Group 1 - The company aims to enhance investor understanding of its performance and future strategies [1] - The performance briefing is scheduled for November 13, 2025, from 15:00 to 16:30 [1] - The event will address questions of interest to investors [1]