Core Viewpoint - Cambridge Technology has issued a risk warning regarding stock trading, stating that its production and operational activities remain normal and there are no significant events affecting abnormal fluctuations in stock prices [1] Company Overview - The company specializes in the manufacturing of communication equipment, including PON and high-speed optical modules, which are closely related to global communication technology iterations and the capital expenditure plans of downstream customers [1] Industry Context - Future adjustments in industry policies, lower-than-expected market demand, shortages of core raw materials, or significant price increases may adversely affect the company's production operations, product costs, and profitability [1] Shareholder Activity - On August 27, 2025, the company's controlling shareholder, Cambridge Industries Company Limited, reduced its holdings by 1.8 million shares through a block trade [1]

Core Points - The article discusses the farewell of telegram services in Hangzhou, with the last day of operation being April 30, 2025, after which only Beijing will continue to offer telegram services [1][12][18] - The closure of telegram services marks the end of a historical communication method that has been in use for nearly 200 years, reflecting the evolution of communication technology [16][18] Summary by Sections Telegram Service Closure - Hangzhou will completely stop telegram services on May 1, 2025, making April 30 the last day for sending telegrams in the region [1][12] - The event attracted many residents and visitors, leading to long queues at the China Telecom Hangzhou branch, with people eager to send their final telegrams [1][5] Public Sentiment and Participation - Many individuals participated in sending telegrams as a form of nostalgia, with some sending multiple telegrams for personal keepsakes or to commemorate the service [3][5] - A notable participant was a student who sent a telegram to himself as a motivational gesture before his upcoming exams [3][5] Historical Context - The last telegram operator in Hangzhou, who is nearing retirement, reminisced about the golden age of telegrams when they were the fastest means of communication [7][9] - The decline of telegram services began in the 1990s with the rise of alternative communication methods such as telephones and the internet, leading to a significant drop in telegram usage [11][12] Future of Communication - The article emphasizes that the end of telegram services is not just a closure but a transition to new forms of communication, highlighting the ongoing evolution in the telecommunications industry [16][18] - The farewell message from China Telecom reflects a commitment to embracing future technologies while honoring the legacy of telegrams [17][18]