Suzhou YourBest New-type Materials Co.Ltd.

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Yubang New Materials resumes trading as GDAT plans to take control for 861 million yuan

After a one-week suspension, Yubang New Materials resumed trading on September 7, revealing its potential new owner: GDAT, a leading enterprise in the low-altitude economy, and its actual controller Jiang Wenquan will take the helm of this photovoltaic ribbon leader. On the evening of September 6, Yubang New Materials announced that Suzhou Deling, under GDAT, plans to spend 861 million yuan to acquire a 29.99% stake in the company, and intends to obtain a total of 34.99% equity through a partial tender offer. Both the agreement transfer and the tender offer price are 20.08 yuan per share, a discount of nearly 20% from the pre-suspension closing price of 24.97 yuan per share. After the transaction is completed, the company's controlling shareholder will change to Suzhou Deling, and the actual controller will change to Jiang Wenquan. The acquirer Suzhou Deling was established only 10 days ago. Behind it, GDAT achieved revenue of 555 million yuan in 2025, with net profit attributable to the parent company of 100 million yuan. Yubang New Materials has seen fluctuating performance in recent years, with net profit attributable to the parent company in the first half of 2026 up 88.94% year-on-year. This transaction still requires review by the Shenzhen Stock Exchange and is subject to uncertainty.

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Yubang New Materials Plans Change of Control, Trading Suspended from August 31

Yubang New Materials announced that its controlling shareholder, Suzhou Juxinyuan Enterprise Management, and actual controllers Xiao Feng and Lin Min are planning a change of company control, which may lead to a change in the controlling shareholder and actual controllers. Trading in the company's shares will be suspended from the market open on August 31, 2026, with the suspension expected to last no more than two trading days. The semi-annual report released the same day shows that the company achieved total operating revenue of 1.676 billion yuan in the first half of the year, up 10.41 percent year on year. Net profit attributable to the parent company was 68.04 million yuan, up 88.94 percent year on year. Yubang New Materials is a high-tech enterprise focused on the research, development, production and sales of photovoltaic ribbon. As of the close on August 28, the share price was 24.97 yuan per share, with a total market value of 3.57 billion yuan.

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Yubang New Materials self-audit tax payment of 14.029 million yuan to be charged to 2026 current profit and loss

Suzhou Yubang New Materials Co., Ltd. announced that the company recently conducted a self-audit of relevant tax matters and needs to pay a total of 14.029 million yuan in taxes. As of the disclosure date of the announcement, the company has paid all the above taxes in full, and this tax payment does not involve administrative penalties. The company stated that the above tax payment is not a prior-period accounting error, does not involve retrospective adjustment of prior financial data, and will be charged to the company's 2026 current profit and loss. The specific impact amount will be based on the audited financial statements for 2026. This tax payment will not affect the company's normal operations.

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