O-Net Ships 250,000 Pieces of High-speed Active Optical Cable

Reinforces Global Presence to Satisfy Rising Demand from High-growth Cloud Datacom Market

HONG KONG — O-Net Technologies (Group) Limited (“O-Net” or the “Group”) (stock code: 877), a leading high-technology enterprise, announced that it has shipped 250,000 pieces of 25GbE, 40GbE and 100GbE Active Optical Cable (“AOC”) to major data center and network equipment manufacturer customers, marking a new milestone for the Group in satisfying the increasing demand from global web-scale operators.

AOC, which integrates multimode optical fiber, semiconductor laser and receivers, control chips and modules, boasts high performance, low power consumption and cost-effectiveness. AOC has a wide range of applications, particularly in enabling data centers to take advantage of the lower cost of ownership and foster high-speed data transmission for meeting diverse applications. And, the 25GbE, 40GbE and 100GbE AOC can speed up data communication in a cloud data center, especially those of international Internet service providers and other major cloud facility and service players. The shipment is proof of the global recognition that the Group enjoys for its innovative next-generation products; also, the foresight of its management has strengthened the leading position of the Group in the industry.

Mr. Austin Na, Chairman and CEO of O-Net, said, “I am delighted that we are able to make the shipment in a relatively short period after receiving the orders. It has given us the reason to be optimistic about the performance of our optical networking products business in the second half of this year. With the increasing demand for higher speed cloud services, we are confident that the high-speed AOC will become one of the major revenue contributors of the Group’s data-communication business in the foreseeable future. We will continue to reinforce our global R&D and manufacturing presence by optimizing our active product offerings and developing next-generation active products for the prosperous datacom market. Our dedication to developing new and innovative products will allow us to sustain development and generate lucrative returns for our shareholders.”