Business Overview Financial Summary

Putian Communications Group is a well-known and rapidly developing telecommunications cable manufacturer and integrated wiring product provider located in Jiangxi Province, China. It also operates under the brand names “Putian Hanfei” and “Hanphy”. The Group's communication cable products include a wide variety of optical cables and communication copper cables, mainly for network construction and maintenance by major telecommunication network operators in China. Furthermore, the Group's strong R&D capabilities enable it to develop new products and products. This is an existing grade product.

Competitive advantage

Long-term stable relationships between the Group and major customers

The Group's supply of a wide variety of products has brought about great development

potential

Strict quality control procedures ensure excellent product quality and quantity

Risk Factors

The group faces the risk of large fluctuations or deterioration in financial expression due to the concentration of customers

A limited number of suppliers procure the group's main raw materials and will face risks relating to the supply and price fluctuations of raw materials used in the production products

The purchase limit was abolished due to changes in the procurement policies of major telecommunication network operators in China, which may adversely affect business and operating results

Use of proceeds

Approximately 46% is used for vertical expansion to upstream fiber production

Approximately 13.6% was used to pay for part of the four new optical cable production lines

About 12.5% is used to optimise wiring product production equipment

Approximately 8.9% is used to fund R&D of various new products and production processes

Approximately 10.6% was used to repay part of bank loans

Approximately 8.4% is used for general working capital