According to Yachuang Electronics's announcement, Hong Kong Taixin, a wholly-owned subsidiary of the company, plans to transfer 70% of the shares of Yongjia Industrial Co., Ltd. held by Long Qiyu in cash. After the transaction is completed, Yongjia Industrial will become the company's holding subsidiary and included in the scope of the consolidated statement. This transaction does not constitute a related transaction or major asset restructuring. It has been reviewed and approved by the company's board of directors, and there is no need to submit it to the shareholders' meeting for approval. The counterparty promised that the target company's net profit of non-return to mother will not be less than 8.5 million US dollars per year from 2026 to 2028, with a cumulative total of not less than 25.5 million US dollars. Failure to meet the standards will be subject to cash compensation or share repurchases. There are risks such as mergers and acquisitions and impairment of goodwill in this transaction.

Zhitongcaijing · 3d ago
According to Yachuang Electronics's announcement, Hong Kong Taixin, a wholly-owned subsidiary of the company, plans to transfer 70% of the shares of Yongjia Industrial Co., Ltd. held by Long Qiyu in cash. After the transaction is completed, Yongjia Industrial will become the company's holding subsidiary and included in the scope of the consolidated statement. This transaction does not constitute a related transaction or major asset restructuring. It has been reviewed and approved by the company's board of directors, and there is no need to submit it to the shareholders' meeting for approval. The counterparty promised that the target company's net profit of non-return to mother will not be less than 8.5 million US dollars per year from 2026 to 2028, with a cumulative total of not less than 25.5 million US dollars. Failure to meet the standards will be subject to cash compensation or share repurchases. There are risks such as mergers and acquisitions and impairment of goodwill in this transaction.