Yabang Shares has completed the public listing and transfer of 100% equity and creditor's rights in Ningxia Yadong Chemical Company Limited. The company conducted a second listing on the Changzhou Property Rights Exchange from June 30 to July 6, 2026. Through public bidding, Qingyuan Xinhao Management Consulting Company Limited was ultimately determined as the transferee, with a transfer price of 74.0501 million yuan. On July 20, 2026, the two parties signed the Property Rights Transaction Contract. On July 28, Yabang Shares received the first transfer payment of 37.0251 million yuan. The remaining amount will be paid within one year after the contract takes effect, secured by a mortgage on Ningxia Yadong's factory land, a pledge of its equity, and a joint liability guarantee from the actual controller of the transferee. On July 31, Ningxia Yadong completed its industrial and commercial registration change, and the two parties signed the Property Rights Delivery Letter, confirming the completion of the equity delivery. Ningxia Yadong will no longer be included in Yabang Shares' consolidated financial statements.
Jiangsu Yabang Dyestuff Co LtdCompleted divestiture of Ningxia Yadong for 74.05 million yuan, receiving first payment and removing subsidiary from consolidation.