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Termination of reorganization[Plan not to reorganize for one year! 】

Had planned to enter a new fieldTermination of reorganizationRegarding the termination and reorganization of this plan, Yayun shares responded that since the launch of this transaction, the company and relevant parties have actively promoted various tasks. This transaction lasted for a long time, and the macro environment and industry environment fluctuated and changed to some extent. Considering the current external market environment and the operating conditions of the target company, in order to effectively safeguard the interests of the company and investors, the company intends to terminate this transaction after careful study.

In the past two years, the more active monthly share price trend of Yayun shares in the secondary market is related to restructuring. According to Wind's statistics, Yayun shares rose 29% in May last year, and Yayun shares released a restructuring plan that month. From September to October this year, Yayun shares rose by 26%, with an amplitude of 49%. During this period, the CSRC issued the Opinions on Deepening the Market Reform of Mergers and Acquisitions of Listed Companies.In the past two years, the more active monthly share price trend of Yayun shares in the secondary market is related to restructuring. According to Wind's statistics, Yayun shares rose 29% in May last year, and Yayun shares released a restructuring plan that month. From September to October this year, Yayun shares rose by 26%, with an amplitude of 49%. During this period, the CSRC issued the Opinions on Deepening the Market Reform of Mergers and Acquisitions of Listed Companies.