The actual controller of Youcai Resources (002998.SZ) plans to change to the Jiangyin Municipal People's Government State-owned Assets Supervision and Administration Office to resume trading on September 11

Zhitong Finance App News, Youcai Resources (002998.SZ) issued an announcement. On September 10, 2026, the company's actual controllers Dai Zexin, Wang Xueping, and their co-actors Jiangyin Qunying Investment Enterprise (Limited Partnership) (hereinafter referred to as “Qunying Investment”) and Jiangyin Environmental Protection Group Co., Ltd. (hereinafter referred to as “Environmental Protection Group”) signed the “Transfer Agreement between Dai Zexin, Wang Xueping, Jiangyin Qunying Investment Enterprise (Limited Partnership) and Jiangyin Environmental Protection Group Co., Ltd.” on the same day, the company Signed with Environmental Protection Group “Conditionally Effective Share Subscription Agreement for the Issuance of Shares to Specific Targets by Youcai Environmental Resources Technology Co., Ltd.” The above agreement stipulates:

Dai Zexin, Wang Xueping, and Qunying Investment plan to transfer 27.3095 million shares, 49.327 million shares, and 39.565 million shares of listed companies (accounting for about 7.70%, 13.90%, and 1.12% of the total shares of listed companies, respectively) to Environmental Protection Group through an agreed transfer agreement. The Environmental Protection Group plans to subscribe in cash for no more than 33 million shares (including the number of shares) issued by listed companies to specific targets, and the subscription amount shall not exceed 300 million yuan (including the number of shares).

After the transaction is completed, Environmental Protection Group is expected to hold up to 114 million shares of the company. Assuming that the total number of shares of the company remains unchanged from the date of the announcement of the board resolution, the Environmental Protection Group holds about 29.29% of the total shares of the listed company. It is expected that the controlling shareholder of the company will be changed from Dai Zexin to Environmental Protection Group, and the actual controllers of the company will be changed from Dai Zexin, Wang Xueping, and Dai Mengqian to the Jiangyin Municipal People's Government's State-owned Assets Supervision and Administration Office.

Following the company's application to the Shenzhen Stock Exchange, trading of the company's shares resumed from the opening of the market on September 11, 2026 (Friday).