Yongjin Group: Controlling shareholder sentenced for insider trading does not affect company's operations and debt repayment.

Yongjin Group announced that the actual controller of the company, Cao Peifeng, was detained on July 9, 2025, on suspicion of insider trading and leaking insider information. On July 2, 2026, the Intermediate People's Court of Jinhua City, Zhejiang Province, issued a verdict sentencing Cao Peifeng to three years in prison with a four-year suspended sentence and a fine of 1 million yuan. The illegally obtained proceeds of 549,200 yuan that had been withdrawn were confiscated. As of the date of the report disclosure, Cao Peifeng did not hold any director or senior management positions in the company. The verdict does not affect his rights as a shareholder, the operation of the company's management team, or have a significant adverse impact on the company's production, operations, or debt repayment capabilities.