Suzhou TFC Optical eyes Hong Kong listing after unusual stock fluctuations

Suzhou TFC Optical Communication’s stock experienced abnormal fluctuations, with its closing price deviating by over 30% across three consecutive trading days in early December 2025. In response, the company confirmed its operational status is normal and it has not identified any undisclosed major information or significant changes in its business environment, beyond the planned H-share listing.

The company is actively preparing for a H-share listing on the Hong Kong Stock Exchange to advance its internationalization strategy. This initiative aims to enhance corporate governance and competitiveness. Details of the plan are still under discussion, and the final scheme remains to be determined. The H-share listing will not alter the company's controlling shareholder or actual controller. The listing is subject to approvals from the company's board and shareholders, as well as regulatory bodies.

Additionally, the company disclosed pre-planned share reductions by its directors and senior management. Director and deputy general manager Wang Zhihong plans to reduce holdings by no more than 395,000 shares (0.0509% of total share capital), board secretary and deputy general manager Chen Kairong by no more than 56,000 shares (0.0073%), and cfo Wu Wentai by no more than 24,000 shares (0.0031%). These reductions are scheduled between December 24, 2025, and March 23, 2026, and have not yet commenced.