YOFC Transfers 2.40 Million Treasury A Shares to Employee Plan, Increasing Outstanding Shares by 0.60%

Bulletin Express09-01 20:43

Yangtze Optical Fibre and Cable Joint Stock Limited Company (YOFC, 06869) disclosed that on 1 September 2026 it moved 2.40 million treasury A shares to satisfy allocations under its 2025 employee share ownership plan.

Of the transferred stock, 228,000 shares (0.06% of outstanding shares) were granted to a company director, while 2.17 million shares (0.54%) were distributed to other plan participants. The transfer was executed at an issue price of RMB 0 per share, reflecting the non-cash nature of the employee incentive arrangement.

Post-transaction, issued shares excluding treasury stock increased to 402.74 million from 400.34 million, a 0.60% expansion. Treasury shares fell to 3.60 million from 6.00 million. Total issued share capital remains unchanged at 406.34 million shares because the move represents an internal reallocation rather than the creation or cancellation of shares.

YOFC confirmed that the transfers were duly approved by the board and complied with all applicable Hong Kong Stock Exchange listing rules and regulatory requirements.

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