YIXIN (02858): Exercise of the Yusheng convertible bond conversion right

YIXIN (02858) announcement stated that on March 2, 2026, the company issued a conversion notice to Yusheng in accordance with the terms of the convertible notes, to exercise in full its conversion rights attached to the convertible notes. The conversion of the convertible notes will be completed upon the completion of Yusheng's restructuring. After the conversion of the convertible bonds, the company will hold a total of 15.15 million shares of Pre-A series preferred stock, 54.87 thousand shares of B series preferred stock, and 46.3 thousand shares of C-2 series preferred stock, totaling approximately 44.23% of Yusheng's enlarged share capital (after the completion of the restructuring). The converted preferred shares do not carry voting rights. After the conversion of the convertible bonds, the company will no longer control Yusheng or exercise significant influence over Yusheng. Therefore, Yusheng's financial performance will not be consolidated into the company's accounts. Since 2018, the company has subscribed to the convertible notes issued by Yusheng. The company is optimistic about the future growth potential of the Chinese second-hand car market. Through the conversion of convertible bonds, the company, as a shareholder of Yusheng, can benefit from the further development and expansion of its second-hand car trading business.