Accelink Technologies plans $350m A-share offering for computing power, R&D

Wuhan Accelink Technology Corporation announced a preliminary plan for a non-public offering of A-shares to specific investors, targeting a capital raise not exceeding 3.5bn yuan. The issuance, involving up to 242,055,525 shares, will be subscribed by a maximum of 35 specific investors, including China Information Communication Technology Group Co., Ltd., which will subscribe for 10% to 30% of the total offering.

Proceeds are earmarked for the Computing Power Center Optical Connectivity and High-Speed Optical Transmission Product Manufacturing Project (2.08bn yuan), High-Speed Optical Interconnection and Emerging Optoelectronic Technology R&D Project (617.11m yuan), and to supplement working capital (800m yuan). This strategic move aims to strengthen the company's core competitiveness, optimize product structure, and accelerate high-end transformation amidst growing demand for AI computing power and 6G network deployment.

The plan is subject to approval from China Information Communication Technology Group Co., Ltd., the company's general meeting of shareholders, Shenzhen Stock Exchange, and the China Securities Regulatory Commission. Accelink Technologies has also published its 2025-2027 shareholder return plan, emphasizing continuous, stable, and scientific returns to investors, prioritizing cash dividends.