YOFC renews key transactions with China Huaxin and Nokia Shanghai

Yangtze Optical Fibre and Cable Joint Stock Limited Company (YOFC) will renew its continuing connected transactions with China Huaxin Group and Nokia Shanghai Group for the year ending December 31, 2026. This follows the expiration of the 2023-2025 framework agreements on December 31, 2025. The new 2026 China Huaxin Framework Agreement and 2026 Nokia Shanghai Purchase Framework Agreement will commence on January 1, 2026, and expire on December 31, 2026, with terms identical to their predecessors.

For sales transactions with China Huaxin Group, YOFC proposes an annual cap of RMB50,000 for 2026. Historical sales for 2023, 2024, and the first nine months of 2025 were RMB25,609, RMB29,626, and RMB22,987, respectively. For purchase transactions, the proposed annual cap for China Huaxin Group is RMB10,000 for 2026, with historical amounts of RMB88,065 for 2023, RMB78 for 2024, and RMB0 for the first nine months of 2025.

Purchase transactions with Nokia Shanghai Group will have a proposed annual cap of RMB20,000 for 2026. Historical purchase amounts were RMB18,528 for 2023, RMB6,303 for 2024, and RMB8,828 for the first nine months of 2025. These transactions are subject to approval by shareholders at the company's general meeting under Shanghai Listing Rules. They are exempt from circular and independent shareholder approval requirements under Hong Kong Listing Rules due to percentage ratios falling between 0.1% and 5.0%.