Jiangsu Tongguang Electronic Wire & Cable (300265.SZ) intends to jointly invest 600 million yuan with Yangtze Optical Fibre And Cable Joint Stock to establish Jiangsu Tongfei Technology Co., Ltd.

Jiangsu Tongguang Electronic Wire&Cable (300265.SZ) announced that, according to the company's operation and strategic development needs, in order to fully utilize and integrate resource advantages, increase the market share of fiber optic cable products, enhance influence in the communication field, improve core competitiveness and overall profitability, the company signed a joint venture agreement with YOFC (Yangtze Optical Fibre And Cable Joint Stock) on February 24, 2025 in Haimen District, Nantong, with a planned joint investment of 600 million yuan to establish Jiangsu Tongfei Technology Co., Ltd. The registered capital of the joint venture company is 600 million yuan, with the company contributing 339 million yuan, accounting for 56.5% of the registered capital, and YOFC contributing 261 million yuan, accounting for 43.5% of the registered capital. After the completion of this transaction, the joint venture company will become a subsidiary of the company and will be included in the company's consolidated financial statements. This external investment is aimed at enhancing the influence of all parties in the communication field, fully utilizing the leading advantages and resources in their respective fields, expanding the company's business channels, further enhancing the company's core competitiveness, and achieving win-win cooperation for all parties involved.