Yingfeng Corporation sells 100% equity of its wholly-owned subsidiary, Yubo New Materials, and related assets for a total transaction price of 800 million RMB.

Yingfeng Corporation Announcement: On April 13, 2026, the company held the third meeting of the fourth board of directors and approved the proposal of selling 100% equity of its wholly-owned subsidiary and related assets. The company agreed to sell 100% equity of Shaoxing Yubo New Materials Technology Co., Ltd. and its related assets to Zhejiang Hongluolan Textile Printing and Dyeing Co., Ltd. One of the transaction subjects is the 100% equity of Yubo New Materials, with a equity transaction price of 428 million yuan; the other subject is related equipment and pollution discharge rights, with an asset transaction price of 314 million yuan. Together with debt repayment of 58.1273 million yuan, the total transaction price and debt repayment fund amount to 800 million yuan. After the transaction is completed, Yubo New Materials will no longer be included in the company's consolidated financial statements.