Yangtze Optical Fibre and Cable Joint Stock Limited Company (YOFC) announced that the Board resolved on 21 August 2026 to submit a 2026 H Share Award Scheme for shareholder approval at an upcoming extraordinary general meeting (EGM).

The proposed scheme allows the grant of up to 10.00 million existing H shares—equivalent to 1.21% of YOFC’s issued share capital as of the adoption date—to eligible participants, including executive directors (excluding independent non-executive directors), senior management, key technical staff and overseas core team members.

Award shares will be purchased on the secondary market by one or more appointed trustees using the company’s internal funds; no new shares will be issued. The maximum allocation to any single participant is capped at 1.0% of the company’s H share capital, unless otherwise approved by shareholders.

The plan will run for 10 years from the adoption date. Vesting is scheduled over a 36-month period following grant: 40% in the first tranche, 30% in the second, and the remaining 30% in the third, all subject to performance and service conditions detailed in separate management rules and share-award agreements.

Because the scheme is funded by existing shares, it falls under Hong Kong Listing Rule 17.12 disclosure requirements rather than the provisions governing new share issuance. Any award to connected persons will be treated in accordance with Chapter 14A of the Listing Rules.

In addition to adopting the scheme, shareholders will be asked to authorise the Board—or its authorised delegates—to handle all operational matters, including participant selection, grant dates, vesting assessments, trustee appointments and any necessary adjustments arising from corporate actions.

A circular containing full details of the 2026 H Share Award Scheme and the EGM notice will be distributed to shareholders in due course.