Yonyou Network proposes no dividend, names new president

** Yonyou Network Technology Co. (SSE: 600588) announced a challenging 2024 fiscal year, marked by a net loss attributable to shareholders of CN¥2,061.31 million, leading to a proposal of no cash dividend, bonus share distribution, or capital reserve conversion for the year, according to their annual report released March 27, 2025. In a filing, the company stated this decision was due to the losses and the need to allocate funds to future endeavors. The Board of Directors, chaired by CEO Wang Wenjing, approved a strategic shift, and this will be subject to shareholder approval.