FiberHome Communications terminates the joint establishment of an investment fund with China Unicom; the partnership enterprise was established in January of this year | Brief announcement

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Caixin News, March 13 — (Reporter Fu Jing) After the market close today, FiberHome Technologies Group (600498.SH) announced that it has decided to terminate its joint investment fund with China Unicom (600050.SH) and its Unicom Zhanxin Private Equity Investment Fund (Wuhan) Partnership (Limited Partnership) (hereinafter referred to as “Unicom Zhanxin Fund”).

The company stated that, based on the current progress of related work and considering the company’s strategic development plan, after careful research and friendly negotiations with the other party, it has decided to terminate this investment.

As of the date of this announcement, the company has not made any actual contributions and is not liable for any responsibilities or obligations related to the termination of this investment. This termination will not impact the company’s financial or operational activities, nor will it harm the interests of the company and all shareholders.

On the evening of December 26 last year, FiberHome Technologies announced its plan to jointly establish Hubei FiberHome Venture Capital Partnership with Unicom Zhanxin, Wuhan Guangchuang Innovation Technology Phase I Venture Capital Fund Partnership (Limited Partnership), Hubei Investment Guidance Fund Co., Ltd., and related parties Wuhan Optics Valley Fenghe Private Equity Fund Management Co., Ltd. (hereinafter “Optics Valley Fenghe”) and Wuhan Fenghe Guangyu Equity Investment Management Partnership (Limited Partnership). The total committed capital of the fund is 1 billion yuan, with FiberHome Technologies planning to contribute 377 million yuan, accounting for 37.7% of the total fund.

Tianyancha shows that Hubei FiberHome Venture Capital Partnership (Limited Partnership) was established on January 19, with Optics Valley Fenghe as the general partner. Its scope of business includes venture capital, private equity investment, investment management, and asset management. The fund has a duration of seven years, with capital contributions paid in two installments, each with 50% paid upfront.

It is reported that the investment fund will mainly focus on industries such as optical communications, industrial digitalization, semiconductors, integrated circuits, and core electronic industries. It aims to identify, cultivate, and support a batch of innovative next-generation information technology companies worldwide, effectively complement FiberHome Technologies’ ecosystem, and develop new business areas.

FiberHome Technologies is a provider of information communication network products and solutions, primarily engaged in optical communications, while also expanding into computing and storage, building an integrated, domestically autonomous computing platform.

In terms of business, FiberHome Technologies maintains close ties with telecom operators. Regarding equity holdings, according to the company’s 2025 semi-annual report, China Telecom Group is a new shareholder with a 0.26% stake; as of the end of September last year, Hunan Telecom Industry Group Co., Ltd. was among its top ten shareholders, holding 10.9 million shares, or 0.85%.

However, since the second quarter of 2024, FiberHome Technologies’ operating revenue has continued to decline year-over-year, with a 19.73% decrease in the first three quarters of last year. The company stated that this change is mainly due to the global telecommunications industry undergoing transformation and adjustment, with operators becoming more cautious in investment decisions. Affected by market conditions, sales scale has slightly decreased.