Industry Outlook - The PCB industry is experiencing unprecedented growth opportunities driven by the global technology wave, with applications in electric vehicles, 5G/6G communication, AI servers, and emerging fields like robotics [2] - The global PCB market is projected to reach $73.565 billion in 2024, a 5.8% increase from the previous year, and is expected to grow to $94.661 billion by 2029, with a compound annual growth rate (CAGR) of 5.2% from 2024 to 2029 [3] - The demand for PCBs is significantly increasing due to the explosive growth in downstream industries such as electric vehicles, where the PCB usage per vehicle is several times higher than that of traditional fuel vehicles [3] - Government policies are increasingly supportive of the PCB industry, with initiatives aimed at enhancing the supply chain for key industries like 5G and electric vehicles [3] Company Advantages - The company has focused on PCB R&D, production, and sales since its inception, recognized as a national high-tech enterprise and a "little giant" in specialized fields, consistently ranking among the top 100 PCB companies in China [4] - The company adopts a strategy of "small batch, multiple varieties, multiple batches, and short delivery times," targeting the mid-to-high-end product market and establishing a solid customer base in communication equipment, automotive electronics, and new energy sectors [4] - The company is a pioneer in high-frequency communication PCB technology, having developed advanced production techniques for 5G base station antennas, which has led to a significant market share [4] - The company has a global presence with production bases in Nanjing, Shenzhen, and Zhuhai, and subsidiaries in Hong Kong, the USA, and Thailand, enabling rapid response to customer needs [5] Convertible Bond Issuance - The company plans to issue convertible bonds to raise up to 490 million yuan, with proceeds allocated to the construction of production projects in Zhuhai and Thailand, as well as to supplement working capital [6] - The new production bases will reduce delivery times and enhance product delivery capabilities while mitigating international trade barriers [6] - The investment in smart and automated production equipment will improve production precision and efficiency, further strengthening the company's competitive advantage in the industry [6]