Yonyou Network: Concerted party extends share pledge for debt repayment

Shanghai Yonyou Technology Consulting, a concerted party of Yonyou Network Technology's controlling shareholder, Beijing Yonyou Technology, has extended the repurchase period for 62,500,000 previously pledged shares. This transaction, processed on December 23, 2025, for shares initially pledged on December 20, 2024, does not involve new share pledges.

The shares, representing 15.94% of Shanghai Yonyou Technology Consulting's holdings and 1.83% of Yonyou Network Technology's total share capital, remain pledged to CITIC Securities. The pledge's purpose is to repay debt.

As of December 23, 2025, Beijing Yonyou Technology and its concerted parties collectively hold 1,421,079,511 shares, accounting for 41.59% of Yonyou Network Technology's total share capital. The cumulative pledged shares for these parties total 391,630,000, which represents 27.56% of their combined holdings and 11.46% of the company’s total share capital.

Shanghai Yonyou Technology Consulting reports good financial health with sufficient liquidity and repayment capability from operating and investment income. The company states that the pledge risk is controllable and will take measures like additional pledges or early repurchases to prevent liquidation if necessary, ensuring timely disclosure.