Group 1 - The optical communication module sector experienced a decline of 1.94% on September 22 [2] - Changfei Fiber Optics saw a significant drop of 8.29% [2] - Qingshan Paper Industry decreased by 7.78% [2] - Zhongji Xuchuang fell by 3.99% [2] - Changxin Bochuang, Yuanjie Technology, and Taicheng Light all dropped over 3% [2]

Group 1 - The optical communication sector experienced a significant decline on September 22, with major companies like Changfei Fiber Optics hitting the daily limit down, while Tianfu Communication, Xinyi Sheng, and Zhongji Xuchuang fell over 3% [1] - Changfei Fiber Optics (stock code: 601869) saw a drop of 10% to 108.56, with a market capitalization of 162.4 billion and a price-to-earnings ratio of 139 [2] - Tianfu Communication, Xinyi Sheng, and Zhongji Xuchuang reported declines of 3.81%, 3.16%, and 3.21% respectively [3] Group 2 - The trading data indicates that Changfei Fiber Optics had a trading volume of 5.84 million shares and a turnover rate of 1.30% [2] - The Hong Kong stock price for Changfei Fiber Optics was reported at 56.95, down 7.55%, indicating a significant premium discount of 52% compared to its A-share price [2] - The average price for Changfei Fiber Optics during trading was 110.65, reflecting a notable decrease in investor confidence [2]

Group 1 - The core point of the article highlights a significant drop in the stock price of Changfei Fiber Optics (06869), which fell over 11% in early trading and is currently down 4.71% at HKD 58.7, with a trading volume of HKD 732 million [1] - Shareholder DrakaComteq B.V. reduced its stake in the company by selling 37.5953 million H-shares on September 4, representing 5.00% of the total share capital, decreasing its holding from 10.00% to 5.00% [1] - On September 19, DrakaComteq B.V. further sold another 5% of H-shares, resulting in no remaining holdings in the company [1] Group 2 - The company noted increased market interest in fiber optic products related to data centers, particularly hollow-core fibers, which currently represent a small portion of global fiber optic demand [1] - Hollow-core fibers are considered cutting-edge products, but their application is still in the early stages, lacking scale sales, stable pricing, and profit levels [1] - The hollow-core fiber business has not yet had a significant impact on the company's financial data, and investors are advised to be cautious and make rational investment decisions [1]

Core Viewpoint - Changfei Fiber Optics experienced a significant drop in stock price following major shareholder DrakaComteq B.V.'s reduction of its stake in the company, raising concerns about market confidence and future performance [1] Group 1: Stock Performance - Changfei Fiber Optics' stock fell over 11% in early trading, and as of the report, it was down 4.71% at HKD 58.7, with a trading volume of HKD 732 million [1] Group 2: Shareholder Activity - DrakaComteq B.V. reduced its holdings by 37.5953 million H-shares on September 4, decreasing its ownership from 10.00% to 5.00% of the total share capital [1] - On September 19, DrakaComteq B.V. further sold an additional 5% of H-shares, resulting in no remaining holdings in the company [1] Group 3: Market Insights - The company noted increased market interest in fiber optic products related to data centers, particularly hollow-core fibers, which currently represent a small portion of global demand [1] - Hollow-core fiber technology is still in its early application stage, lacking scale sales, stable pricing, and profit levels, indicating that future business development depends on the maturity of the industry chain [1] - The hollow-core fiber business has not yet had a significant impact on the company's financial data [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 （股份代號：6869） 長飛光纖光纜股份有限公司 Yangtze Optical Fibre and Cable Joint Stock Limited Company* （於中華人民共和國註冊成立之股份有限公司） 海外監管公告 本公告由長飛光纖光纜股份有限公司（「本公司」）根據香港聯合交易所有限公司證 券上市規則第13.10B條作出。 以下為本公司於上海證券交易所網站刊發之《長飛光纖光纜股份有限公司簡式權 益變動報告書》，僅供參閱。 承董事會命 長飛光纖光纜股份有限公司 Yangtze Optical Fibre and Cable Joint Stock Limited Company* 董事長 馬杰 中國武漢，二零二五年九月二十二日 於本公告日期，董事會包括執行董事莊丹先生；非執行董事馬杰先生、郭韜先 生、弗雷德里克•佩森先生、皮埃爾•法奇尼先生、哈馬萬德•施羅夫先生、熊向峰 先生及梅勇先生；獨立 ...

Core Viewpoint - Draka Comteq B.V. has reduced its stake in Changfei Optical Fiber and Cable Co., Ltd. from 5.00% to 0.00% through the sale of 37,595,257 H-shares on September 19, 2025, via a block trade on the Hong Kong Stock Exchange [8][10]. Group 1: Company Information - Changfei Optical Fiber and Cable Co., Ltd. is listed on the Shanghai Stock Exchange (A-shares) and the Hong Kong Stock Exchange (H-shares) with stock codes 601869 (A-shares) and 06869 (H-shares) [1]. - The registered address of Draka Comteq B.V. is Schieweg 9, 2627AN Delft [2]. Group 2: Shareholding Changes - The shareholding change was made for financial management and business development needs [6]. - Draka Comteq B.V. has no plans to increase or decrease its stake in the company within the next 12 months [7]. - The total share capital of Changfei Optical Fiber and Cable Co., Ltd. is calculated to be 751,905,108 shares after excluding 6,000,000 treasury shares [4]. Group 3: Transaction Details - The sale of 37,595,257 H-shares represents 5.00% of the total share capital of the company [8]. - Prior to this transaction, Draka Comteq B.V. had sold additional H-shares in the preceding months, including 28,246,771 shares on April 17, 2025, and 32,968,500 shares on June 5, 2025 [10][11].

Mergers and Acquisitions - Jindi Co., Ltd. plans to acquire controlling stake in Guangzhou Yuni Precision Co., Ltd. If the acquisition is completed, Yuni Precision will become a subsidiary of Jindi [1] - Sunflower plans to purchase 100% equity of Zhangzhou Xipu Materials Technology Co., Ltd. and 40% equity of Zhejiang Beid Pharmaceutical Co., Ltd. through a combination of issuing shares and cash payment [2] - Huahai Chengke received approval from the China Securities Regulatory Commission for issuing shares and convertible bonds to purchase assets, with a fundraising limit of up to 800 million yuan [3] Shareholding Changes - DrakaComteq B.V. reduced its stake in Changfei Optical Fiber by selling 37.595 million H shares, accounting for 5% of the total share capital [4] - Huachuang Xinxin plans to reduce its stake in Shanxi Fenjiu by no more than 1.33%, intending to sell up to 16.2 million shares within three months after the disclosure [5] - Hong Kong Yuanshi plans to reduce its stake in Global Printing by no more than 1%, intending to sell up to 3.2004 million shares [6] Risk Matters - *ST Gaohong's stock price has been below 1 yuan for 15 consecutive trading days, posing a risk of delisting due to the price being below par value [7] - Chairman of Zhenlei Technology, Yu Faxin, has been placed under detention, affecting his ability to perform director duties [8] - Taimusi's stock price has experienced significant fluctuations, with a cumulative increase of over 20% in two consecutive trading days, indicating potential irrational trading behavior and risks of price retraction [9]

Core Viewpoint - Draka Comteq B.V. has completely divested its holdings in Changfei Fiber Optic, selling 37.5953 million H-shares, which accounts for 5.00% of the company's total share capital, indicating a significant reduction in shareholder commitment [1][3]. Summary by Sections Shareholder Reduction - Draka Comteq B.V. sold a total of approximately 180 million H-shares from April 17 to September 19, representing 23.73% of the company's total share capital [3][4]. - The latest sale on September 19 marked the complete exit of Draka Comteq B.V. from its H-share holdings in Changfei Fiber Optic [3][4]. Stock Performance - Changfei Fiber Optic's A-shares have increased over 300% and H-shares over 400% since the beginning of the year, reflecting strong market performance [1][7]. - The stock reached a historical high on September 19, with three consecutive trading days of price increases [7]. Financial Performance - For the first half of 2025, Changfei Fiber Optic reported total revenue of approximately 6.384 billion yuan, a year-on-year increase of about 19.38%, while net profit attributable to shareholders decreased by approximately 21.71% to about 296 million yuan [9]. - The company noted that the global fiber optic cable industry faces challenges such as insufficient demand in the telecom market and declining average prices, which may impact future performance [9][10]. Business Outlook - The company highlighted the growing interest in fiber optic products related to data centers, particularly hollow-core fibers, although these products currently represent a small portion of total demand and have not yet significantly impacted financial results [10]. - Changfei Fiber Optic emphasized the need for ongoing technological advancements to maintain competitive advantages in the evolving market [11].

Major Events - Zhenlei Technology's actual controller and chairman, Yu Faxin, has been placed under custody by the Huangshi Municipal Supervisory Committee, but the company's control remains unchanged, and daily operations are managed by senior management [2] - ST Gaohong's stock price has closed below 1 yuan for fifteen consecutive trading days, raising the risk of delisting due to the Shenzhen Stock Exchange's regulations [2] - Sunflower plans to acquire 100% equity of high-end semiconductor materials company Xipu Materials and 40% equity of Zhejiang Beid Pharmaceutical, with stock resuming trading on September 22, 2025 [3] - Guotai Environmental's chairman, Chen Baixiao, has had his custody measures lifted and can resume normal duties [4] - Xingye Technology's stock price has shown abnormal fluctuations, but the company confirms that there are no undisclosed significant matters [5] - Taimusi's stock price has also experienced abnormal fluctuations, with a potential risk of significant price drop after a surge, as control changes are pending [5] - Guanzhong Ecology is planning a change in control, leading to a temporary suspension of its stock [5] Shareholding Changes - Changfei Fiber's major shareholder, Draka Comteq B.V., has reduced its stake by 5% through a block trade [6] - Shanxi Fenjiu's shareholder Huachuang Xinrui plans to reduce its stake by up to 1.33% due to fund exit arrangements [7] - Xiugang Co.'s major shareholders plan to reduce their holdings by up to 1.06% for personal funding needs [8] - Haitai Technology's shareholders plan to collectively reduce their holdings by 2.53% through trading [9] Major Contracts - China Oil Engineering's subsidiary has signed a $513 million contract for an LNG pipeline project in the UAE, expected to positively impact future revenues and profits [10]

Core Viewpoint - Draka Comteq B.V. has completely divested its stake in Yangtze Optical Fibre and Cable Joint Stock Limited Company, which did not negatively impact the company's stock prices, as both A-shares and H-shares experienced significant increases following the announcement [2][5]. Group 1: Shareholder Activity - Draka Comteq B.V. sold 37.5953 million H-shares on September 19, 2025, reducing its ownership from 5.00% to 0.00% [5]. - Prior to the divestment, Draka Comteq B.V. and China Huaxin Post and Telecommunications Technology Co., Ltd. were co-largest shareholders, each holding 180 million shares, representing 23.73% of the total shares [5]. - The share price of Yangtze Optical Fibre increased by 259.2% for A-shares and 297.42% for H-shares during the period of Draka Comteq B.V.'s divestment [5]. Group 2: Stock Performance - On September 19, 2025, the A-share price closed at 120.62 CNY per share, while the H-share price closed at 61.60 HKD per share, with a market capitalization of 688 billion CNY [2][3]. - The A-share price experienced a limit-up increase of 10% on the same day, while H-shares rose by 8.55% [2][3]. Group 3: Industry Insights - There is growing market interest in hollow-core fiber products related to data centers, which are seen as having significant potential due to their low latency and low loss characteristics [6][7]. - Currently, the market share of fiber optic products related to data centers is relatively small, and hollow-core fiber applications are still in the early stages of development [7]. - Microsoft announced plans to deploy 15,000 kilometers of hollow-core fiber for data centers and AI model connections within the next 24 months [8].