Guolonghui October 11 - Fiberhome Telecommunication Technologies (600498.SH) announced the 2024 A-share stock issuance plan for specific objects. The specific object for this A-share stock issuance is China Information Communication Technology Group Co., Ltd. (hereinafter referred to as 'China Info Tech'). China Info Tech intends to subscribe to all stocks issued this time with cash. China Info Tech has signed a conditional effective stock subscription agreement with the company. This A-share stock issuance to specific objects constitutes a related party transaction.

The pricing reference date for this stock issuance to specific objects is the announcement date of the third interim meeting of the ninth Board of Directors of the company. The issuance price is 12.88 yuan per share. The number of shares issued to China Info Tech this time is 116,459,627 shares, not exceeding 30% of the company's total share capital before this issuance. The total amount of funds raised through issuing stocks to specific objects does not exceed 1.5 billion yuan (including this amount). The net proceeds from the fundraising after deducting the related issuance expenses will be used entirely to supplement working capital.

Prior to this issuance, Fiberhome Technologies was the controlling shareholder of the company, with the State-owned Assets Supervision and Administration Commission of the State Council being the actual controller. China Info Tech is controlled by the State-owned Assets Supervision and Administration Commission of the State Council, holding 92.69% of Fiberhome Technologies' shares through its wholly-owned subsidiary Wuhan Post and Telecom Industry Research Institute. After this issuance, Fiberhome Technologies remains the controlling shareholder of the company, and the actual controller remains the State-owned Assets Supervision and Administration Commission of the State Council. This issuance will not result in a change in the company's controlling shareholder and actual controller, nor will it cause the company to lose its listing qualifications.