TFC Optical's major shareholder completes share transfer

Suzhou TFC Optical Communication's controlling shareholder, Suzhou TFC Renhe Investment Management Co., Ltd. (Tianfu Renhe), completed a transfer of 3,011,000 shares at a price of 140.00 yuan per share, totaling 421,540,000.00 yuan. This transaction represents 0.39% of the company's total share capital. Following the transfer, the combined shareholding of Tianfu Renhe and its consistent action party, Ouyang, decreased from 37.96% to 37.57%.

The transfer was conducted as a non-public transaction to 14 institutional investors, with a lock-up period of six months for the acquired shares. Huatai United Securities acted as the organizing broker for this transfer. This equity change does not alter the company's controlling shareholder or actual controller, nor is it expected to impact the company's governance structure or ongoing operations.

The transaction was initiated on November 14, 2025, with final completion by November 25, 2025, and followed regulatory requirements set by the Shenzhen Stock Exchange.