Yongxin Optics announces internal equity structure adjustment

Ningbo Yongxin Optics announced an internal adjustment to the upper-level equity structure of its controlling shareholder, Yongxin Optoelectronics. This adjustment involves a shift in shareholding within the family of the actual controllers, specifically a transfer of equity from mother to son. As a result, the company's actual controllers have changed from Cao Qidong, Cao Yuanliping, and Cao Zhixin to Cao Qidong and Cao Zhixin. The adjustment does not affect the company's direct shareholding by Yongxin Optoelectronics, which remains at 32,217,250 shares, representing 28.99% of the total share capital. Nor does it impact the total indirect shareholding by the actual controllers. The adjustment stems from a CNY 1 per share transfer of 25% equity in the group holding company, Qunxing Co., from Cao Yuanliping to Cao Zhixin. Yongxin Optics assures that this internal restructuring will not impact the company's independence or its production and operations.