Northeast Securities announced that on July 28, 2026, Yatai Group, the largest shareholder of the company, received a “Decision” from the court, initiated pre-restructuring and appointed a temporary manager. As of the disclosure date of the announcement, Yatai Group held 30.81% of the company's shares, with a cumulative pledge of 49.25%. Yatai Group's application for pre-restructuring or subsequent restructuring is accepted, which may have an impact on the company's equity structure, etc., but it will not have a significant adverse impact on the company's daily operations. Currently, the company's operations are normal and stable, and various risk control indicators meet regulatory requirements.

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.