Connet Optical (02276) announced that the company is placing new H shares to Goertek Limited (the underwriter) in Hong Kong. The company has been informed by the underwriter that after the placement was announced, it has been in discussions with several existing Shareholders (excluding the company's controlling Shareholder) to acquire some existing shares. As of the date of this announcement, the underwriter conditionally agrees to acquire no more than 42.8 million shares from existing Shareholders. If these acquisitions are fully completed, the underwriter will hold a total of 96.125 million shares after the placement. These acquisitions are subject to conditions and may not be fully completed, and the final number of shares to be acquired from existing Shareholders and the proposed completion time for the acquisitions have not yet been determined.