On June 14th，Founder Technology(600601.SH)announced that its wholly-owned subsidiary, Zhuhai Founder PCB Co., Ltd. plans to invest RMB 689.6 million to construct the Advanced HDI Project which is expected to have a capacity of 115,000 square feet per month and will be self-funded.

This project will improve the Founder Technology's HDI technology capabilities and production capacity, further enhancing its core competitiveness in the global high-end HDI product market and creating favorable conditions for market layout and product line planning, advanced HDI order reservation, and maintaining the existing customer base.

As is widely known,Founder Technology once faced serious debt and operational risks that nearly led to its delisting. However, on October 30th, 2022, Huafa Group provided RMB 2 billion in restructuring investment to support Founder Technology in completing 1-2 industry mergers or acquisitions in about 5 years, promoting its leapfrog development in its original PCB business.  As a result, Huafa Group became the controlling shareholder of the restructured Founder Technology, with an shareholding ratio of approximately 29.99% for Huafa Group and its designated entities.

About Founder Technology 

Founder Technology is a listed company on the Shanghai Stock Exchange (600601.SH) that specializes in the design, research and manufacturing of PCB products, providing QTA and NPI services to customers.It produces a range of PCB products, such as high-density interconnect boards, multilayer boards (2-56 layers), and rigid-flex boards, all of which are customizable to meet individual needs. These high-quality products are widely utilized in a number of industries, including mobile devices, 5G wireless communication, data centers, optics, industrial control, medical devices, in-vehicle technology, and wearable electronics.