Yangtze Optical Fibre and Cable Joint Stock Limited Company (the “Company”) announced the renewal of its continuing connected transactions for the year ending December 31, 2026, involving China Huaxin Group and Nokia Shanghai Group. Under new framework agreements effective from January 1, 2026, to December 31, 2026, these transactions encompass sales by the Company to China Huaxin Group and purchases from China Huaxin Group and Nokia Shanghai Group.

Key details in the announcement indicate that the proposed annual cap for sales of communication products and construction services to China Huaxin Group is RMB 50 million, while the proposed new annual caps for purchases of communication equipment products from China Huaxin Group and Nokia Shanghai Group are RMB 10 million and RMB 20 million, respectively. These figures were determined by referencing historical transaction amounts, projected demand from upcoming communication network construction projects, and industry pricing data in the Chinese and international markets.

Pursuant to the Listing Rules, the proposed transactions, with aggregate percentage ratios above 0.1% but below 5%, are subject to annual reporting and announcement requirements rather than independent shareholders’ approval. However, under applicable Shanghai Listing Rules, the new framework agreements and their proposed caps require shareholders’ approval at the Company’s general meeting. China Huaxin remains a substantial shareholder holding approximately 23.73% of the Company’s issued share capital, and Nokia Shanghai is considered an associate of China Huaxin. The Board concluded that these transactions are on normal commercial terms, fair and reasonable, and in the overall interest of the Company and its shareholders.