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.
Suzhou YourBest New-type Materials Co.Ltd.Controlling shareholder and actual controllers plan a change of control, with trading suspended; outcome and terms unclear.
Suzhou Juxinyuan, the controlling shareholder, is planning a change of control of Yubang New Materials.
