According to CoinMeta, regarding the plan to invest approximately $500 million in an optical communication company, on November 11th, Huali Group responded that the purpose of this investment is to increase financial earnings and create greater value for shareholders. The company is using its own funds for the financial investment and does not seek a controlling stake. The target company's technology is quite advanced and is in line with international leading enterprises, and the company is optimistic about its future development. As of now, the investment has been authorized by the board of directors, but the specific amount of investment, the proportion, and the valuation of the target company are still under further discussion. Huali Group also stated that the company has good cash flow and a low debt-to-asset ratio, so this investment will not affect the development of its main business or the company's dividend payments. The management will continue to focus on the operation of the main business. Currently, the company's shoe-making business is gradually improving, and the pace of internationalization and capacity expansion is accelerating.