Yangtze Optical Fibre And Cable Joint Stock Limited Company (SEHK:6869) agreed to acquire 12.72% stake in Broadex Technologies Co., Ltd. (SZSE:300548) from Zhu, Ding,Wang , Jiang and TDG Holding Co., Ltd. (SHSE:600330) for CNY 850 billion on April 7, 2022. An amount of CNY 20 million will be paid by the Company to a specific domestic bank account designated by Zhu within 5 business days after the date of the Share Transfer Agreement, an amount of CNY 619 million, being 70% of the total consideration for the Sale Shares shall be paid by the Company to the Sellers to the specific domestic bank account designated by the respective Seller within 5 business days after Zhu's issuance of a confirmation of satisfaction or waiver of closing conditions, an amount of CNY 265 million being 30% of the total consideration for the Sale Shares shall be paid to the Sellers to the specific domestic bank account designated by the respective Seller within 5 business days after the date on which the CSDC completes the registration for the transfer of the Sale Shares. Sale Shares, 1,008,956 and 954,978 Target Shares held by Wang and Jiang, respectively are subject to lock-up restrictions. After completion of the Acquisition, Broadex Technologies Co., Ltd will maintain nine members on the board of directors. The Company shall be entitled to recommend and nominate four non-independent directors and one independent director to the board of directors of the Target, and the director (including the current director) nominated by the Company shall serve as the chairman of the board of directors of the Broadex Technologies Co., Ltd.

Completion is conditional upon the satisfaction or the waiver of the conditions precedent-(i) TDG has obtained the necessary approval in respect of the Acquisition, including but not limited to the approval from its board of directors and shareholders' meeting (if required) )ii) the Company has obtained the necessary approval in respect of the Acquisition, including but not limited to the approval from its board of directors and shareholders' meeting (if required), or the approval from or filing with the state-owned assets administration authority (if required) iii)the Company has notified the State Administration for Market Regulation (“SAMR”) and obtained the antitrust approval or a non-prohibition decision from the SAMR for the Acquisition (if required). As of May 16, 2022, Anti-monopoly Review on Concentration of Business Operators said that no further examination will be carried out on the transaction.

Yangtze Optical Fibre And Cable Joint Stock Limited Company (SEHK:6869) completed the acquisition of a 12.72% stake in Broadex Technologies Co., Ltd. (SZSE:300548) from Zhu, Ding,Wang , Jiang and TDG Holding Co., Ltd. (SHSE:600330) July 7, 2022.