Recently, Far East Wisdom Energy Co., Ltd. issued an announcement that the total amount of funds raised by the non-public offering of shares will not exceed 2.552 billion yuan, mainly used for the construction of optical rods, optical fiber and cable industry chain projects, high-precision ultra-thin lithium copper foil projects and supplementary working capital.

　　The announcement shows that the construction project of the whole industry chain of optical rods, optical fibers and optical cables is to raise 1.502 billion yuan, with a total investment of 1.84 billion yuan, and the insufficient part is to be solved by listed companies. Mainly used for plant and engineering construction, production equipment and supporting facilities purchase. The project is implemented by Far East Communications Co., LTD., a wholly owned subsidiary of Far East Intelligence.

　　Far East Smart Energy said that under the policy background and market demand such as the "Broadband China" strategy, the "Belt and Road" strategy, and the new infrastructure of "5G network", the company has grasped the policy dividend, further improved the product structure and business layout, entered the field of optical fiber and cable manufacturing, and created an integrated manufacturing capability of optical fiber and cable with cost competitive advantages. Helping the company's sustainable development is in line with the company's long-term strategic development goals and the interests of all shareholders.

　　Far East Smart Energy pointed out that after the completion of the project, it will have an annual production capacity of 1,500 tons of optical fiber prefabricated rods,50 million core kilometers of optical fiber and 35 million core kilometers of optical fiber. The project is implemented in two phases: (1) In the first stage, complete the construction of production plants and supporting facilities with an annual output of 1,500 tons of optical fiber prefabricated rods, 20 million core kilometers of optical fiber and 24 million core kilometers of optical fiber, as well as the renovation of clean workshops, mechanical and electrical equipment and production line configuration of 600 tons of optical fiber prefabricated rods, 20 million core kilometers of optical fiber and 20 million core kilometers of optical fiber; (2) The second stage will complete the construction of production plants and supporting facilities with an annual output of 30 million core kilometers of optical fiber and 11 million core kilometers of optical fiber, as well as the renovation of 900 tons of optical fiber prefabrication rods, 30 million core kilometers of optical fiber and 15 million core kilometers of optical fiber clean workshop, mechanical and electrical equipment and production line configuration.

　　It is understood that this project intends to adopt the industry's advanced high deposition rate VAD mand-rod preparation technology and low-cost cladding solution, with the advantages of high deposition rate, high efficiency and low cost, which is conducive to the realization of industrialization and large-scale production. Through the implementation of this project, it will help the company master the core technology of the production process, achieve the large-scale production of high-quality optical fiber prefabricated rods, promote the industrialization process of local optical fiber, break through the technical bottleneck, reduce the dependence on product imports, and create an integrated manufacturing capability of optical rods, optical fibers and optical cables with cost competitive advantages.

　　It is reported that in 2019, the foundation stone laying ceremony has been held for the whole industry chain project of Far East Communications Prefabricated optical fiber and cable, which is committed to the research and development, manufacturing and sales of G.652, G.657 and G.654 optical rods with ultra-low loss and large effective area and various types of optical fiber and cable products.