Yida Co., Ltd.: Holding subsidiary completes merger with wholly-owned subsidiary and changes business registration record.

Yida Group announced that, in order to optimize management structure and improve operational efficiency, its holding subsidiary, Taixing Yida Chemical Co., Ltd., has carried out a comprehensive absorption merger of its wholly-owned subsidiary, Wanqi Biotechnology Co., Ltd. Recently, Wanqi has been deregistered and the registration procedures of Taixing Yida have been completed, and the absorption merger has been completed. This absorption merger does not involve any changes in the name, registered capital, or equity structure of Taixing Yida, and will not have any adverse impact on the company's merger financial statements, business development, and profitability level.