Everbright Securities: Intends to purchase 49% stake in Jiangsu Jinyuan, with the transaction work progressing in an orderly manner.

date
05/02/2026
Yongda Corporation announced that the company plans to purchase 49.00% equity of Jiangsu Jinyuan High-end Equipment Co., Ltd. from Ge Yanming through the issuance of shares and cash payment, while also raising supporting funds. This transaction constitutes a related party transaction and is expected to not constitute a major asset restructuring or restructuring for listing. Since the disclosure of the transaction plan on December 9, 2025, relevant work has been progressing in an orderly manner. As of the announcement date, the audit, evaluation, and other work have not been completed. This transaction still needs to be submitted to the company's board of directors and shareholders' meeting for approval, and requires approval or registration from the competent regulatory authority, thus there is uncertainty.