Yonyou Network subsidiary completes full circulation of unlisted shares

Yonyou Network Technology (SSE:600588) announced that its holding subsidiary, UFIDA Network, has completed the application for full circulation of its domestic unlisted shares. The China Securities Regulatory Commission (CSRC) previously approved UFIDA Network's H-share "full circulation" filing. As of June 19, 2025, a total of 53,401,211 domestic unlisted shares of UFIDA Network were converted into H-shares. This included 28,135,271 shares held directly by Yonyou Network, as well as shares held by Yonyou's wholly-owned subsidiary, Yonyou Ufida Information Technology, and its holding subsidiary, Beijing Yonyou Happiness Investment Management. Trading of these shares on the Hong Kong Stock Exchange's main board commenced on June 20, 2025. As a result, domestic unlisted shares decreased from 74.68% to 58.28% of UFIDA Network's total shares, while H shares increased from 25.32% to 41.72%.