Nanfang Communication Holdings Limited Recommends No Dividend for the Year Ended December 31, 2020

Nanfang Communication Holdings Limited is engaged in manufacturing and selling a range of optical fiber cable products. Based on the assembly process structures, the Company’s optical fiber cable products are divided into two major categories: central unitube optical fiber cables and layer stranded of optical fiber cables. The Company also produces and offers other types of optical fiber cables, such as bow-type drop cables and specialty optical cables. The Company also manufactures and sells ancillary products, such as copper-made communication cables for use in local telephone networks and copper-made enameled wires for use as winding wires for various electrical appliances, such as transformers. It also sells cable supporting products, such as optical fiber connectors procured from third parties. Its optical fiber cables can be used in traditional applications, such as mobile communication networks, Internet networks and fixed telephone networks in the telecommunications industry.