Yangtze Optical Fibre and Cable shareholders approve share issue mandate

Yangtze Optical Fibre and Cable Joint Stock Company (YOFC) announced the poll results of its 2025 First Extraordinary General Meeting (EGM), held on October 27, 2025. The EGM saw the approval of a special resolution to grant the board of directors a general mandate to issue shares. A total of 662 shareholders and authorized proxies, representing 331,871,930 shares or 43.79% of the company's total issued shares, attended the meeting.

The resolution passed with 96.4578% of the total votes cast in favor. Specifically, A-share holders voted 99.9107% in favor, while H-share holders approved it with 45.7253% of their votes. The resolution met the requirement of more than two-thirds of the total voting rights present at the EGM.

The EGM was held in Wuhan, PRC, and conducted with both online and on-site voting. All directors participated, either in person or via telephone conference, highlighting the board's engagement in this pivotal decision for the company's future capital-raising flexibility.