Yongda Group: Promoting the acquisition of 49% equity of Jiangsu Jinyuan, audit evaluation not yet completed.

date
05/03/2026
Yongda Corporation announced that it plans to purchase 49.00% equity of Jiangsu Jinyuan High-end Equipment Co., Ltd. from Ge Yanming through the issuance of shares and payment of cash, and to raise matching funds. This transaction constitutes a related party transaction, and is expected not to constitute a major asset restructuring and restructuring for listing. Since the disclosure of the transaction plan on December 9, 2025, relevant work has been progressing in an orderly manner. As of the disclosure date of the announcement, the audit, evaluation, and other work have not been completed. The transaction still needs to be deliberated by the company's board of directors and shareholders' meeting, and approved or registered by the competent regulatory authority. There are uncertainties.