Tianfu Communications announced that the company's overseas subsidiary, Tianfu Optical Connect of Thailand, signed a “Land Sale Agreement” with Amata City Rayong Co., Ltd., and plans to use the self-raised capital of 621.1780 million baht to purchase land with an area of about 100.19 square meters for factory construction in Thailand to carry out product R&D, production and sales in the field of optical interconnection. This transaction does not involve a related transaction, does not constitute a major asset restructuring, does not need to be submitted to the company's board of directors or shareholders' meeting for review, and will not have a significant adverse impact on the company's financial status and operating results.

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