March 25, 2026

On March 25, 2026, SHENZHEN HTFUTURE CO.,LTD (hereinafter referred to as HTF) met with Pujiang State-owned Capital Investment and Operation Co., Ltd. (hereinafter referred to as “Pujiang State Capital”) for a special financing meeting in the conference room at HTF’s Shenzhen headquarters. Mr. Liu Yongmao, Executive Vice President of the company, chaired the meeting. Mr. Chen Feng, the company’s strategic advisor, also attended, together with representatives from Pujiang State Capital. During the meeting, both sides discussed several key topics in depth, including the company’s business plan, the technical strengths of its core products, capital requirements, and potential cooperation models for project implementation. The discussions produced preliminary consensus on multiple major cooperation terms.

Comprehensive Demonstration of Technical Strength, Core Advantages Win Strong Recognition

During the meeting, Mr. Liu presented the company’s business plan in a comprehensive and systematic way. Founded in 2015, HTF has focused on the optical communication industry for more than a decade. At present, the company already ships 400G/800G optical modules and transmission equipment in stable volumes, while its R&D team continues to advance next-generation 1.6T/3.2T products. Over the past three years, the company has maintained an average annual growth rate of 100%.

In the field of coherent optical modules, which carries the highest technical barriers, HTF now stands among only three companies in China that can mass-produce 400G/800G coherent optical modules. The other two are HiSilicon and Zhongji Innolight. This rare capability gives HTF a distinctive and highly valuable position in the industry.

In transmission equipment, HTF builds its competitive edge on an ultra-compact 2U form factor, power consumption below 20W per 100G, and an open network management architecture. These strengths help customers simplify operation and maintenance while also speeding up delivery. As a result, the company has built strong market competitiveness in emerging scenarios such as data centers and computing power centers. Its downstream customers include leading internet computing platforms such as Alibaba and ByteDance, as well as a number of regional telecom operators. The company has already established a market presence across the Yangtze River Delta and the Pearl River Delta, two of China’s major metropolitan clusters.

Pujiang State Capital Sends Positive Cooperation Signals as the “Capital + Industry” Model Takes Shape

During the meeting, Pujiang State Capital and HTF also conducted detailed discussions on project investment value, financing purposes, factory facilities, and production line deployment.

Pujiang State Capital then introduced its own resource advantages in detail. Pujiang benefits from its strategic location next to Yiwu, and the region has built an emerging industrial system centered on high-end equipment, electronic information, and semiconductors. In addition, the region has established industrial funds exceeding RMB 10 billion to support high-quality招商 enterprises.

Regarding the cooperation model, Pujiang State Capital proposed a comprehensive approach that combines supply chain finance + equity investment + equipment subsidies + output-value incentives. By integrating these support measures, the model can effectively meet HTF’s overall funding needs.

Pujiang State Capital also expressed its welcome for the joint participation of local government funds and other industrial capital partners. Through a “lead investment + follow-on investment” model, all parties can form a more stable investment consortium and jointly support HTF’s high-quality development.

This meeting marks a substantial step forward in the industrial implementation cooperation between HTF and Pujiang State Capital. HTF will continue to uphold an open and pragmatic approach, accelerate the development and deployment of its optical module production lines, strengthen its technological leadership in the high-end optical module sector, and contribute core strength to the industry’s digital upgrading.

After the meeting, representatives from Pujiang State Capital visited the WDM equipment production line.

SHENZHEN HTFUTURE CO.,LTD
March 2026