Changfei Optical Fiber (601869.SH) plans to place 70 million new H shares to raise approximately HK$2,229 billion

According to the Zhitong Finance App, Changfei Optical Fiber (601869.SH) issued an announcement that the company will issue additional H shares in accordance with the general license. The company and the placement agent entered into a placement agreement on December 9, 2025. The company will issue 70 million new H shares with a face value of RMB 1 per share in the company's share capital in accordance with the terms set out in the placement agreement and subject to the conditions set out in the placement agreement.

After all of the placed shares have been issued, they will respectively account for about 19.91% of the total number of H shares issued by the company and about 9.24% of the total issued share capital, as well as about 16.60% of the total number of H shares issued after the expansion of the placed shares issued by the company and about 8.46% of the total issued share capital after the expanded placement shares issued by the company. The face value of each share to be placed is RMB 1, and the total face value is approximately RMB 70 million (approximately HK$76.94 million based on the current exchange rate on December 9, 2025, at the exchange rate of HK$1 to RMB 0.9098).

The company agreed to issue the placed shares at the placement price of HK$32.26 per share, while the placement agent agreed to act as the company's agent and to cause the undertaker to subscribe for the placed shares at HK$32.26 per share according to the basis of exhaustion. The net proceeds from the placement after deducting fees, commissions and expenses are estimated to be approximately HK$2,229 million, and the net placement price is approximately HK$31.85 per placed share. The company intends to use the net proceeds to develop the company's overseas business and the group's general working capital.