Yatong Corporation: Wholly-owned subsidiary plans to reduce the capital of its holding subsidiary by 600 million yuan.

Yatong Group announced that its wholly-owned subsidiary Yatong Real Estate and Changxing Real Estate plan to reduce the capital of its controlling subsidiary Changhong Xingtong by 600 million yuan in the same proportion. Yatong Real Estate will reduce its capital by 360 million yuan, while Changxing Real Estate will reduce its capital by 240 million yuan. After the reduction, the registered capital of Changhong Xingtong will decrease from 1.118 billion yuan to 518 million yuan. Yatong Real Estate and Changxing Real Estate will maintain their shareholding proportions of 60% and 40% respectively. The project has been completed, and the capital reduction is aimed at optimizing the use of surplus funds to improve efficiency. From January to September 2025, Changhong Xingtong had a revenue of 0 and a net profit of 5.321 million yuan. This capital reduction does not constitute a related party transaction or a major asset restructuring, has been approved by the board of directors, and still requires approval by the shareholders' meeting.