Yangtze Optical Fibre and Cable Joint Stock Limited Company (YOFC) signed an equity-transfer agreement on 30 July 2026 to purchase the remaining 25% equity interest in Yangtze Optical Fibre and Cable (Shanghai) Co., Ltd. (YOFC Shanghai) from Draka Comteq B.V. for EUR12.00 million in cash. Post-completion, YOFC Shanghai will be 100% owned by YOFC and its financials will be fully consolidated.

The consideration represents a 6.3% premium to the RMB348.56 million audited net asset value of YOFC Shanghai as at 31 December 2025 (RMB87.14 million attributable to the 25% stake). Payment will be made in a single Euro-denominated transfer once industrial, commercial, tax and foreign-exchange registrations are completed.

Financial snapshot of YOFC Shanghai: • Three months ended 31 March 2026 – revenue RMB185.01 million, net profit RMB1.14 million, total assets RMB658.80 million, net assets RMB347.90 million. • FY 2025 – revenue RMB718.81 million, net profit RMB4.85 million, total assets RMB556.67 million, net assets RMB348.56 million. • FY 2024 – revenue RMB709.84 million, net profit RMB9.19 million, total assets RMB614.95 million, net assets RMB346.42 million.

YOFC states the acquisition will streamline upstream and downstream resources in optical fibres and cables, enhancing capacity alignment without altering existing management or business arrangements at YOFC Shanghai.

Under Hong Kong Listing Rules, the deal qualifies as a discloseable transaction, with applicable percentage ratios above 5% but below 25%; hence it requires announcement but no shareholder approval. The company highlights customary completion risks tied to regulatory approvals and market conditions and advises investors to exercise caution.