Securities Code: 002953
Securities Abbreviation: Rifa Shares
Announcement No.: 2026-049
Guangdong Rifa Cable Co., Ltd.
Announcement on Proposed Establishment of Wholly-owned Subsidiary and Investment in Optical Fiber Preform and Optical Fiber Project
The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and that there are no false records, misleading statements, or material omissions.
Key Information Highlights:
Project Name: Annual production of 300 tons of optical fiber preform and 10 million core-kilometers of optical fiber (hereinafter referred to as the "Project" or "This Project").
Investment Plan: Guangdong Rifa Cable Co., Ltd. (hereinafter referred to as the "Company" or "Rifa Shares") plans to establish a wholly-owned subsidiary, Guangdong Rifa New Materials Co., Ltd. (hereinafter referred to as "Rifa New Materials"), as the implementation entity to complete the construction of factory buildings and other infrastructure for the project. It also plans to establish a wholly-owned subsidiary in Jiangmen City, Guangdong Province, Guangdong Rifa Optoelectronics Technology Co., Ltd. (tentative name, subject to approval and registration by the local competent authority, hereinafter referred to as "Rifa Optoelectronics") as the production and operation entity for this project. The Company will jointly implement the investment and construction of this project through these entities.
Investment Budget: The total planned investment for the project is approximately RMB 70,000 million (including investment in the construction of the production base, equipment procurement for project implementation, and initial working capital, etc. The specific amount will be subject to the actual investment required for project implementation). The investment capital will be from the Company's own funds or self-raised funds.
Approval Status: This external investment matter has been reviewed and approved by the Independent Directors of the Sixth Board of Directors at their Second Special Meeting in 2026, and by the Strategic Committee of the Sixth Board of Directors at its First Meeting, and by the Sixth Board of Directors at its Fourth Meeting. According to the "Articles of Association" and the "Management System for External Investment," this external investment matter still needs to be submitted for approval by the Company's Shareholders' Meeting. The final investment plan will be subject to the resolution of the Shareholders' Meeting.
I. Overview of External Investment
(I) Basic Situation of External Investment
According to the Company's overall strategic plan, to further strengthen the extension of the communication equipment component supply chain, respond to the national 15th Five-Year Plan's call for "improving information communication networks, deepening the deployment of 5G and gigabit optical networks, promoting the evolution of 5G to 5G-A, the development of terabit optical networks, and the technological innovation of 6G, and promoting the independent iteration of the mobile IoT," the Company plans to invest approximately RMB 70,000 million to build a project with an annual output of 300 tons of optical fiber preform and 10 million core-kilometers of optical fiber (hereinafter referred to as the "Target Project"). The specific implementation plan is as follows: