Fibocom expands operations with new industrial park, capital changes

Fibocom Wireless has announced plans for a wholly-owned subsidiary in Lishu County, Jiangxi Province, for an industrial park investment totaling 400 million yuan. This includes 200 million yuan for factory repurchases and land use rights, and 200 million yuan for 10 wireless communication module production lines. The move aims to optimize the supply chain and reduce manufacturing costs. The subsidiary will have a registered capital of 50 million yuan.

Concurrently, Fibocom Wireless will undertake significant corporate governance and capital structure adjustments. The company’s registered capital will increase from 765,453,542.00 yuan to 900,533,742.00 yuan, reflecting an H-share issuance of 135,080,200 shares. Additionally, the company will abolish its supervisory board, with the audit committee taking over its responsibilities.

Furthermore, Fibocom Wireless will engage in foreign exchange hedging activities, with an estimated maximum transaction collateral and premium of 150 million yuan and a daily contract value of 1.5 billion yuan. The company has also announced the reappointment of Zhilun Certified Public Accountants (Special General Partnership) as its 2025 audit firm, with an audit fee of 2.18 million yuan.