Yangjie Electronics changes GDR depositary, plans new employee stock ownership

Yangzhou Yangjie Electronic Technology has announced a change in depositary for its GDRs, replacing Citibank, National Association with Bank of China (Hong Kong) Limited. This change was approved at the company's 16th meeting of the fifth board of directors on May 30, 2025, and is not expected to impact GDR operations or harm investor interests. The switchover process is pending, with an uncertain timeline.