Accelink Technologies plans to raise no more than 1.945 billion yuan through private placement

On November 13, Accelink Technologies issued an announcement stating that the company plans to issue no more than 139,964,983 A shares (including this number) in a private placement to no more than 35 specific targets (including 35 specific targets) that meet the conditions stipulated by the China Securities Regulatory Commission, including the company's actual controller China Information and Communications Technology Group, and the total amount of funds to be raised will not exceed RMB 194,511.36 million (including RMB 194,511.36 million).

It is reported that China Information and Communications Technology Group, the actual controller of Accelink Technologies, agreed to subscribe for the non-public offering of shares in cash, with the subscription ratio not less than 10% of the total number of shares issued in this non-public offering and not more than 20% of the total number of shares issued in this non-public offering. On November 12, 2021, Accelink Technologies and China Information and Communications Technology Group signed the "Conditionally Effective Non-public Offering of Shares Subscription Agreement".

Regarding the purpose of this transaction, Accelink Technologies stated: "First, it is conducive to strengthening the company's strength and promoting the company's long-term sustainable development. The funds raised from the company's non-public offering will be invested in the company's existing main business, including high-end optical communication device production construction projects and high-end optoelectronic device R&D center construction projects, which will help the company optimize its product structure, expand its main business capacity, optimize its R&D environment, enhance its R&D capabilities, help the company achieve its "14th Five-Year Plan" strategic goals, and promote the company's long-term sustainable development."

The company also pointed out: "The total amount of funds to be raised by the company's non-public offering is expected to be no more than 194,511.36 million yuan. The raised funds will further expand the company's net assets and total assets, and the company's asset-liability ratio will be reduced. After the fundraising and investment projects are completed and put into production, the company's profitability will be improved, cash flow will be further increased, and the company's competitive advantage and overall strength will be further enhanced."