CHINA HONGGUANG(08646.HK): Officially Expands New Material Business of TGV Glass-based Copper Clad Laminates
NewTimeSpace News: China Hongguang Holdings Limited (08646.HK) announced that Guangdong Longguang New Material Technology Co., Limited, its indirectly wholly-owned subsidiary, has officially expanded the new material business of TGV glass-based copper clad laminates. Its products cover AI computing packaging substrates, automotive-grade energy storage electronic base materials and other fields. The industrial chain has been established in Shenzhen in the first half of 2026, and a trial production line will be launched in the second half of the year.
NewTimeSpace News: On 20 June 2026, China Hongguang Holdings Limited (08646.HK) issued a voluntary announcement disclosing its official expansion into the new material business of TGV glass-based copper clad laminates.
As disclosed in the announcement, driven by surging demand for AI chips and advanced semiconductor packaging, TGV glass substrates have become a high-growth track in the industry thanks to their merits of low dielectric loss, low expansion and high stability. The Group’s existing production capacities of coated conductive glass, deep-processed ultra-thin special glass and flame-retardant composite panels grant it advantages in upstream raw materials and lay a foundation for vertically integrated research, development and production.
Products of this project are applicable to AI computing packaging substrates, automotive-grade energy storage electronic base materials and other scenarios. The industrial chain layout was completed in Shenzhen during the first half of 2026, and a trial production line will be put into operation in the second half of the year. Subsequent capacity expansion will be carried out in phases in accordance with the progress of customer certification. The project will be funded by operating cash flow generated from the Group’s new material segment.
The Board of Directors believes the new business will improve the Group’s advanced new material industrial chain, foster a second growth engine and boost the Group’s operating revenue. The Company reminds investors that the project faces risks including lengthy customer certification cycles, fierce industrial competition and limited near-term profit contribution.
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