Northeast Securities announced on the morning of July 29 that on July 28, 2026, the company received the “Notice of Court Decision to Initiate Pre-Reorganization of the Company” from Jilin Yatai Co., Ltd., the largest shareholder. Yatai Group received a “Decision” from the Changchun Intermediate People's Court of Jilin Province, decided to initiate pre-restructuring of the Yatai Group and appoint the Yatai Group Liquidation Team as its temporary manager for pre-restructuring. As of the disclosure date of this announcement, the number of company shares held by Yatai Group was 721,168,744 shares, accounting for 30.81% of the company's total shares. Of these, the total number of shares pledged by Yatai Group was 355,190,000 shares, accounting for 49.25% of the total number of company shares held by Yatai Group. The Yatai Group enters the pre-restructuring process or the subsequent applicant's application for the restructuring of the Yatai Group is ruled and accepted, which may have an impact on the company's equity structure, etc.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.