Prysmian announces the sale of 32,968,500 H shares of YOFC, representing approximately 4.35% of YOFC's outstanding equity total share capital

Prysmian S.p.A, through its fully owned subsidiary Draka Comteq B.V. ("Draka" or the "Selling Shareholder"), announces that today it entered into a placing agreement for the sale via block trade of 32,968,500 H shares of Yangtze Optical Fibre and Cable Joint Stock Limited Company ("YOFC" or the "Company") listed on the Hong Kong Stock Exchange ("HKEX"), representing approximately 4.35% of the Company's total share capital as at the date of this press release (the "Placement"), at a price of HK$ 15.44 per share.

Draka and J.P. Morgan agreed to waive the existing lock-up pertaining to Draka’s previous sale of YOFC H shares, as announced on 14 April 2025.

Upon completion of the Placement, Draka, which as at the date of this announcement holds approximately 20% of the Company's total share capital, will reduce its stake to a percentage of approximately 15.65% in the Company's total share capital.

J.P. Morgan acted as Sole Bookrunner in connection with the Placement.

The information contained in this announcement may contain forward-looking statements, estimates and projections. Forward-looking statements involve all matters that are not historical and may be identified by the words “anticipate”, ”believe”, ”estimate”, ”expect”, ”intend”, ”may”, ”should”, ”will”, ”would” and similar expressions or their negatives, but the absence of these words does not necessarily mean that a statement is not forward-looking. These statements are subject to change without notice and are based on a number of assumptions and entail known and unknown risks and uncertainties. Other unknown or unpredictable factors could cause actual results to differ materially from those in the forward-looking statements. Therefore, you should not rely on these forward-looking statements as a prediction of actual results. Any forward-looking statements are made only as of the date of this press release and neither Prysmian, the Selling Shareholder nor any other person are under any obligation, to update these forward-looking statements for events or circumstances that occur subsequent to the date of this press release or to update or keep current any of the information contained herein, any changes in assumptions or changes in factors affecting these statements and this press release is not a representation by Prysmian, the Selling Shareholder or any other person that they will do so, except to the extent required by law.