CIG (06166) rose more than 5% in morning trading. As of the time of writing, the stock was up 4.96% to HK$145.9, with a turnover of HK$311 million. The company announced its intention to place 15.6 million shares at a price of HK$126.66 per share, with the net proceeds from the placement expected to be approximately HK$1.967 billion. The net proceeds will be used for the strategic reserve of the group's core components, supplementing the group's working capital, and other general corporate purposes to support the group's sustainable development and accelerate the implementation of its globalisation strategy. Everbright Securities recently released a research report stating that CIG has begun batch shipments of its 800G optical modules to key customers; 1.6T samples have been delivered to customers, with mass production expected within 2026. The company's expansion of its Malaysian factory is progressing smoothly and has successfully passed certification by major customers. Additionally, the company has secured upstream suppliers of core materials such as optical chips, leading to improvements in both capacity and raw material bottlenecks. Research and development in cutting-edge optical communication technologies continues, with the gap to leading companies expected to narrow further.