"Yuejiang Technology is reported by name before the meeting for 'concealing billion-level equity ownership disputes', and the progress of the H to A process is overshadowed."

In the early hours of July 17th, a real-name report letter brought YJ Technology, which is currently in the process of "backdoor listing in A-share market", to the forefront. The reporter, Song Tao, claimed to be a co-founder and former executive vice president and COO of YJ Technology. He reported that YJ Technology and its founder, Liu Peichao, had major equity flaws and concealment in the A-share prospectus, and stated that his 69.7373% ownership of YJ Technology was registered as 22.455% in the prospectus. Song Tao said, "The prospectus is full of false statements and deliberate cover-ups of disputes over billion-dollar equity ownership." YJ Technology is currently in a critical stage of the "backdoor listing in A-share market" process and is scheduled to go public on July 22nd.