Yinyi non-major shareholder stake diluted by court ruling

Yinyi High-Tech (SZSE:000981) announced that court-ordered transfers of shares have resulted in a dilution of holdings by non-major shareholders exceeding 5%. A total of 214,050,000 shares held by Yinyi Holdings and Shengzhou Investment were transferred on February 27, 2025, to settle debts with creditors, reducing their combined stake to 7.36% of Yinyi's total share capital. In response to the change in shareholding and to safeguard investor interests, the company has been actively buying back shares. As of the end of February 2025, Yinyi had repurchased 460,000 shares at a cost of 1,014,600.00 RMB. The company has extended the buyback period to July 24, 2025, and may adjust the repurchase plan based on market conditions, while adhering to regulatory guidelines. Yinyi emphasizes that the share transfers do not impact company control or operations.