CICC Assists YOFC in Listing on A-Share Main Board

On July 20, 2018, Yangtze Optical Fibre and Cable Joint Stock Limited Company (“YOFC”, or the “Company”, stock code: 601869) was successfully listed on the Main Board of Shanghai Stock Exchange as the first A+H listed company in China's optical fibre and cable industry, as well as the first A+H listed company in Hubei province. The offering is the largest ever IPO in China's optical fibre and cable industry.

YOFC is the largest supplier of optical fibre preform, optical fibre and cable in the world, as well as one of the few manufacturers in the world that master the three core production technologies of optical fibre preforms. It has the only state key lab in the industry and a number of world leading products and production patents. For fiscal year 2017, YOFC recorded operating revenue of RMB10.366 Bn and net profits attributable to shareholders of the parent company of RMB1.268 Bn. With the A-share IPO, YOFC completed a key step in adhering to its mission of “Smart Link, Better Life” to usher in a new era of its future development and bring vigor into China’s optical fibre and cable industry as well as the capital market.

The successful completion of YOFC’s A-share IPO is another successful example of CICC’s provision of long-term capital market services for high-quality high-tech enterprises. As the Sole Sponsor, CICC assisted YOFC in conquering many challenges in regulatory approval and successfully obtained the approval from CSRC, helping YOFC to become the first A+H listed company in the optical fibre and cable industry, as well as the first A+H listed company in Hubei province. By focusing on the overall execution progress, working closely with the Company, and communicating with regulators in each round, CICC strictly followed the initial proposed timetable to promote execution excellence, taking less than 12 months from the initial filling to the CSRC approval, and was highly recognized by the client and market with its efficiency, professionalism and team collaboration.

As a leading investment bank adhering to core values of “People Oriented, with Nation in Mind, and Chinese Roots and International Reach”, CICC has always been committed to providing clients with high quality value-added financial services. On the basis of its unparalleled capital market experience and close interaction of domestic and overseas business, CICC will continuously contribute to the capitalization development of Chinese enterprises.