Sichuan Huiyuan Optical Communication Co., Ltd. announced that it has entered share subscription agreement to issue 55,000,000 shares of class A at issue price of CNY 6.74 per share for gross proceeds of CNY 370,700,000 on September 23, 2021. The transaction included participation from returning investor, Beijing Dingyun Technology Development Co., Ltd. The company's total share capital is 193,440,000 shares. The shares to be issued shall have a hold period within 36 months from the closing of the transaction.

The transaction has been approved at the 25th meeting of the company's 11th directorate, subject to approval from company's shareholders, and China Securities Regulatory Commission.