Sunwave Communications (002115.SZ) plans a private placement to raise no more than 992 million yuan, for use in satellite-terrestrial integrated communication system projects, among others.

Sunwave Communications (002115.SZ) disclosed its 2026 plan for issuing A-shares to specific targets. The total amount of funds raised in this issuance shall not exceed 992 million yuan (inclusive), and after deducting issuance expenses, it is intended to be used entirely for the satellite-terrestrial integrated communication system project, the next-generation communication technology research and development project, and to supplement working capital and repay interest-bearing debt.