*ST Yijing: Signs Supplementary Agreement to Pre-Reorganization Investment Agreement to Adjust Capital Contribution Arrangements
*ST Yijing announced that the company signed a supplementary agreement to the pre-reorganization investment agreement with the pre-reorganization guide and industrial investors Zhongrun Solar and Ningbo Ruilian, optimizing the capital contribution arrangements and other terms of the original agreement. After the adjustment, Zhongrun Solar will contribute RMB 719 million to subscribe for no less than 399.5038 million shares, and will become the controlling shareholder of the company upon completion of the reorganization, with Long Daqiang and Meng Liye becoming the actual controllers; Ningbo Ruilian will contribute RMB 100 million to subscribe for no less than 55.5494 million shares and will act in concert with the controlling shareholder. The share lock-up period has been adjusted to 60 months, and shares may only be reduced after the lock-up period expires and the company reports non-recurring profit. This adjustment does not involve changes to the total number of shares transferred, the price, or the total investment amount. Implementation of the agreement is subject to court approval of the reorganization plan by ruling, and there is significant uncertainty as to whether the company's reorganization will be accepted.
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