Source Photonics (Chegndu) Co., Ltd. entered into a convertible bond agreement for the placement of convertible loan for gross proceeds of approximately CNY 290 million on November 6, 2023. The transaction will include participation from returning investor, Guangdong Haomei New Materials Co.,Ltd. The transaction has been approved at the 11th meeting of the 4th board of directors of Guangdong Haomei New Materials Co.,Ltd.