Yangtze Optical Fibre seeks shareholder approval for new share issuance

Yangtze Optical Fibre and Cable Joint Stock (YOFC) announced it will hold its first extraordinary general meeting of shareholders in 2025 on October 27, 2025, to seek authorization for the board to issue new shares. The meeting will take place at 2:00 PM at the company's headquarters in Wuhan, Hubei, and will also offer online voting via the Shanghai Stock Exchange's online voting system. The record date for shareholders to be eligible to attend and vote is October 21, 2025.

The primary agenda item for the meeting is a resolution to grant the board a general mandate to issue up to 20% of the company's existing A-shares and H-shares, excluding treasury stock. This mandate, if approved, aims to allow the company to seize market opportunities and increase flexibility in capital management. The authorization would cover decisions on the type, number, pricing, and timing of new share issuances, as well as the appointment of intermediaries and the execution of necessary legal documents.

This proposal was reviewed and approved by the company's fourth board of directors at its fifteenth meeting on September 29, 2025. The board has also resolved to authorize management to determine the appropriate timing for convening the extraordinary general meeting. The mandate would be valid until the company's 2025 annual general meeting or until revoked or amended by a special resolution of shareholders.