T&S Communications: Due to the tight supply of certain bottleneck materials, the company's phased capacity release and delivery pace have been somewhat constrained.

Recently, T&S Communications released a record of investor relations activities. It noted that in the first half of 2026, affected by tight supply of certain bottleneck materials, the company's phased capacity release and delivery pace were constrained to some extent, which in turn had a certain impact on the performance growth of active optical devices. Currently, the tight supply situation for relevant key materials has eased significantly compared with earlier periods. The company will continue to strengthen supply chain management for key materials, further improve supply guarantee mechanisms, enhance supply chain stability and risk resistance, and make the greatest efforts to ensure capacity ramp-up and product delivery. From the perspective of industry demand, as AI computing infrastructure construction continues to advance, demand for high-speed optical interconnection is growing rapidly. The company is bullish on the long-term development opportunities of the optical interconnection industry, especially the growth space of emerging technology directions such as CPO and NPO. In the restricted stock incentive plan launched by the company in 2026, corresponding assessment targets were set for 2027 to 2029. The formulation of the relevant targets is mainly based on the company's comprehensive judgment of industry prosperity, customer demand trends, and the future volume ramp-up pace of core products such as CPO and NPO. In the future, the company will continue to focus on customer needs and the direction of industry technology evolution, continuously increase investment in product research and development, capacity building, market expansion, and supply chain assurance, strive to seize industry development opportunities, and promote the sustained and healthy development of the company's business.