Complete the business change registration due to stock incentive and equity distribution.

date
19/11/2025
If Yu Chen announced that the company will hold board of directors and shareholders' meetings on October 28 and November 13, 2025, respectively, to deliberate and approve the resolutions on changing the registered capital and revising the company's articles of association. Due to the concentration of stock option exercises under the equity incentive plan and the equity distribution for the first half of 2025, the company's registered capital will increase from 219 million yuan to 311 million yuan. Recently, the company has completed the registration of the change in registered capital and the industrial and commercial registration procedures for the amended articles of association, and obtained a new "Business License" issued by the Market Supervision Administration of Guangzhou.