On November 20, Glorious Holdings reported that Lu Wei Optoelectronics (688401.SH) announced the convening of the ninth meeting of the fifth board of directors and the ninth meeting of the fifth board of supervisors on November 19, 2024. They reviewed and approved the proposal on the postponement of some fundraising investment projects. Based on the principle of prudence, the company comprehensively considered factors such as the implementation progress and fund utilization of the fundraising investment projects (hereinafter referred to as "fundraising projects") and agreed to extend the time for the "Lu Wei Optoelectronics Research and Development Center Construction Project" to reach the intended usable state from December 2024 to December 2025, provided that there are no changes in the project implementation entity, investment purposes of the raised funds, and investment scale.