WUS(SZ:002463) Xin Lang Cai Jing·2026-01-13 11:32Core Viewpoint - The company has approved an investment cooperation agreement to establish a wholly-owned subsidiary in Changzhou, Jiangsu Province, for the construction of a "High-Density Optoelectronic Integrated Circuit Board Project" with a total planned investment of $300 million, implemented in two phases [2][5]. Group 1: Project Overview - The project aims to implement the company's strategic development plan and promote cutting-edge technology research and industrialization [2][5]. - The project will establish an incubation platform for advanced technologies such as CoWoP and mSAP, creating a closed-loop system for "research - pilot - verification - application" [2][5]. - The project will enhance product capabilities in signal transmission, power distribution, and functional integration, focusing on next-generation technology directions like optical-copper integration [2][5]. Group 2: Financial and Operational Details - The registered capital for the wholly-owned subsidiary is set at $100 million, funded by the company's own resources [2][5]. - The total investment of $300 million will be divided into two phases: Phase 1 involves an investment of $100 million to lease an existing factory of approximately 50,000 square meters for technology incubation and preliminary construction; Phase 2 will involve an additional investment of $200 million based on the results of Phase 1 and market demand, including acquiring 60 acres of industrial land and constructing a clean factory of about 60,000 square meters [2][5]. - The company reserves the right to unilaterally terminate the Phase 2 investment plan without liability if Phase 1 does not pass evaluation or if there are significant adverse changes in the market environment [2][5]. Group 3: Expected Outcomes - Upon full production, the project is expected to add an annual capacity of 1.3 million high-density optoelectronic integrated circuit boards, generating an additional annual revenue of 2 billion RMB and a pre-tax profit exceeding 300 million RMB [3][6]. - The implementation of this project will help the company expand its high-end product capacity, optimize product structure, increase the proportion of high-value-added products, and enhance its competitive advantage and overall profitability [3][6]. - The cooperation partners for this project are the Changzhou Jintan District People's Government and the Jincheng Town People's Government [3][6].