Taclink(SH:688205) Zheng Quan Zhi Xing·2025-08-29 16:52Core Viewpoint - The company has announced a delay in the expected operational status of two fundraising projects related to its initial public offering, specifically the "High-Speed Optical Module Production Line Expansion and Upgrade Project" and the "Optical Transmission Subsystem Platform Development Project" [1][10]. Fundraising Overview - The company issued 24,320,000 shares at a price of 48.51 RMB per share, raising a total of 1,179,763,200 RMB, with a net amount of 1,094,353,980.82 RMB after deducting issuance costs [1][2]. Investment Project Details - As of June 30, 2025, the total committed investment for the fundraising projects is 109,435.40 million RMB, with 52,676.27 million RMB utilized, representing 48.13% of the total [2]. Delay Reasons - The delay is attributed to the rapid technological advancements in the optical communication industry, particularly the increasing demand for 800G/1.6T high-speed optical modules driven by AI computing needs. The company aims to optimize production lines and update equipment to align with market demands [4][6]. - The construction of the research center for the optical transmission subsystem is complex and requires high standards, leading to an inability to meet the original timeline [4][6]. Project Timeline Adjustment - The expected operational status date for the projects has been adjusted to December 2027, with unutilized funds allocated for the second phase of construction, equipment purchases, and material procurement [4][10]. Compliance and Oversight - The company will adhere to relevant regulations and strengthen the supervision of fundraising usage to ensure legal and effective use of funds [5][10]. Project Necessity and Feasibility - The projects are deemed necessary due to the explosive growth in AI computing demand, with the global optical module market expected to grow at a compound annual growth rate of 22% from 2024 to 2029, potentially exceeding 37 billion USD by 2029 [4][7]. - The company has a solid technical foundation and extensive industry experience, which supports the feasibility of the projects [8][9]. Impact of Delay - The delay in fundraising projects is a cautious decision based on market conditions and will not materially affect the company's current operations or the implementation of the projects [10][11]. Approval Process - The board of directors and the audit committee have reviewed and approved the delay, confirming that it does not involve changes to the project scope or harm to shareholder interests [11][12].