The board of directors of Yangtze Optical Fibre and Cable Joint Stock Limited Company announced that due to changes in work arrangement, Mr. Yao Jingming and Ms. Yu Jiaxuan have resigned from their positions as supervisors of the Company with effect from 27 March 2015. Therefore, Mr. Yao Jingming and Ms. Yu Jiaxuan will continue to perform their duty as a supervisor until the date when the proposed appointment of the new supervisors are approved by the shareholders of the company. Meanwhile, Mr. Wei Jiaolong and Ms. Li Chang'ai have been nominated as independent supervisors of the company.

The company will seek approval for the proposed appointment from the shareholders of the company at the annual general meeting for the year 2014. Mr. Wei Jiaolong, age 50, is currently a professor and the associate dean of the School of Electronic Information and Communications, Huazhong University of Science and Technology. Mr. Wei is also a director of China Institute of Communications, an executive director of Hubei Institute of Communications.

Ms. Li Chang'ai, age 50, has been teaching at the School of Accountancy of Hubei University of Economics since 1988 and is currently a professor (level II). She is also a director of the Accounting Society of China. The Board announced that with effect from 27 March 2015, Mr. Li Zhuo, an independent non-executive Director of the company will replace Mr. Ngai Wai Fung as a member of the Strategy Committee under the Board.