Yangtze Optical Fibre and Cable Joint Stock Limited Company (YOFC) has issued a supplemental announcement detailing a significant change in the tax treatment of its forthcoming interim dividend for the six months ended 30 June 2026. The clarification follows the release of a new policy—“Announcement No. 27 of 2026” from China’s Ministry of Finance and State Administration of Taxation—which repeals the long-standing dividend income-tax exemption previously granted to overseas individual investors under the 1994 Circular.

Effective 1 September 2026, dividends and bonuses received by overseas individuals from mainland Chinese enterprises will again be subject to PRC individual income tax. As a result, YOFC will withhold and remit the applicable tax on behalf of all overseas individual H-shareholders whose names appear on the company’s register on the designated dividend entitlement date for the 2026 interim payout.

The withholding arrangements for (i) non-resident enterprise shareholders—including HKSCC Nominees, trustees, and other institutional holders—(ii) Northbound Shareholders, and (iii) Southbound Shareholders remain unchanged.

YOFC advises H-share investors to seek professional guidance regarding the implications of the revised tax policy on their dividend receipts and overall tax obligations.