HK Stock Market Move | Cig Shanghai (06166) Rises Over 13% Again as Customer Expansion in North American Market Achieves Important Breakthrough; Vietnam Production Base to Become New Overseas Production Fulcrum

Cig Shanghai (06166) rose over 13% again, up 12.67% as of press time at HK$62.1, with turnover of HK$294 million. On the news front, on November 10, Cig Shanghai stated on its investor communication platform that the company has achieved an important breakthrough in customer expansion in the North American market, with its customer structure gradually expanding from primarily network equipment suppliers to different types of customers such as traditional cloud service providers and emerging cloud computing and computing infrastructure service providers, further broadening market space and enhancing the sustainability of business growth. On the other hand, the relevant production lines at Cig Shanghai's Vietnam production base have passed customer audit and certification, successfully achieving overseas capacity deployment. With the future release of capacity at the Vietnam production base, it will become a new fulcrum for the company's core overseas production, enhancing overseas production bargaining power and delivery capability, effectively reducing overseas production costs, and realizing a "local response, global delivery" service layout.