Recently, Yangtze Optical Fibre and Cable Joint Stock Limited Company (hereinafter as YOFC) (stock code: 6869.HK) and Mustek Systems Inc. signed a project joint venture agreement for the YOFC Optical-Fibre Africa Holdings Limited (hereinafter as YOFC Africa). Chairman of YOFC Wen Huiguo, President Zhuang Dan, First Vice President Jan Bongaerts, Vice President Zhang Mu, Vice President Yan Changkun, Assistant to General Manager of Financial Center Qin Zhihong, President of Mustek Systems Inc. David Kan attended the signing ceremony for this project cooperation.

South Africa is the second largest economy in Africa, with rather comprehensive financial and legal systems, and stable political environment. In 2015, the South African governments vigorously promoted the national strategic plan for the broadband, which would significantly raise the demand for optical fibre and cable connection in South Africa. Headquartered in Johannesburg, South Africa, YOFC Africa can yield a capacity of 1,000,000 KMF/year by its first optical cable design, and it's expected to be operational in the fourth quarter of 2016.

Founded in 1987 and listed on the Johannesburg Stock Exchange in 1997, Mustek Systems Inc. is dedicated to servicing a wide range of communication technology products.

With the growing group of Internet users in South Africa and Africa, the telecommunications industry is provided with a relatively large space for development, and therefore, investments in these areas will provide YOFC with a wonderful localized production platform to meet the upcoming growing market demand and provide quality products and services to customers in the region. YOFC Africa will gain foothold in South Africa and influence the entire continent, and strive to become the most influential fibre optic cable supplier in South Africa and even the entire continent.