Yangtze optical fibre to hold EGM on major operational, governance changes

Yangtze Optical Fibre and Cable Joint Stock (YOFC) will hold its second extraordinary general meeting of shareholders for 2025 on Friday, December 5, 2025, at 2:00 PM. The meeting, featuring both an in-person session at YOFC's headquarters in Wuhan and online voting, seeks approval for several key proposals, including renewed related-party transactions and board appointments.

Among the critical agenda items are the approval of 2026 daily related-party transaction framework agreements with China Huaxin Post and Telecommunication Technology Co., Ltd. and Nokia Shanghai Bell Co., Ltd., as well as with Prysmian S.p.A., YOFC Shanghai, Fiberhome Telecommunication Technologies Co., Ltd. (via subsidiary Shenzhen Fiberslink Optoelectronics Co., Ltd.), and Yunjingfei Fiber Optic Materials Co., Ltd. The meeting will also address the resignation of current non-independent directors Xiong Xiangfeng and Guo Tao, followed by the election of Qiu Xiangping and Guan Jingzhi as new non-independent directors. Mr. Qiu Xiangping and Mr. Guan Jingzhi will each receive a remuneration of 380,000 yuan per annum.

Furthermore, shareholders will vote on comprehensive revisions to the company's Articles of Association, Rules of Procedure for General Meetings, Rules of Procedure for Board Meetings, and Working Rules for Independent Directors. A proposal to abolish the Supervisory Board will also be presented, with its functions transferring to the Board's Audit Committee. The record date for voting eligibility is December 1, 2025.