Accelink targets growth with private placement and strategic investments

Wuhan Accelink Technologies Co., Ltd. has announced a revised plan to issue up to 242,055,525 A-shares to specific investors in 2025, aiming to raise up to 3.5bn yuan. The company's controlling shareholder, China Information Communication Technologies Group Co., Ltd. (CICT), has committed to subscribe for no less than 10% and no more than 38% of the total issued shares through a cash payment. This transaction is considered a related party transaction. The plan outlines a total investment of 4.28bn yuan, with 2.08bn yuan allocated to a high-speed optical module production project for computing centers and high-speed optical transmission products, 617.11m yuan for high-speed optical interconnect and emerging optoelectronic technology R&D, and 800m yuan for working capital.

The issuance price will be no less than 80% of the average trading price of the company's stock for the 20 trading days prior to the pricing base date. CICT will not participate in the market inquiry process but will accept the market inquiry results. The proposed capital raise is intended to enhance Accelink’s capacity, optimize product structure, accelerate high-end transformation, and strengthen core competitiveness in response to surging AI computing demands and 6G network deployment.

The resolutions for this issuance were passed in September and October 2025. The plan is subject to approval from CICT, the company’s general meeting of shareholders, the Shenzhen Stock Exchange, and registration approval from the China Securities Regulatory Commission. CICT’s subscribed shares will have an 18-month lock-up period, while other investors will have a 6-month lock-up period.