Yunnan Xiyi Industry announces parent company reorganization progress

Yunnan Xiyi Industry (SZSE:002265) announced that its parent company, China North Industries Group Corporation, is undergoing a reorganization approved by the State Council. The reorganization involves separating the automotive business into an independent central enterprise. Subsequently, the State Council will inject the equity of the restructured China North Industries Group into China Ordnance Industries Group. While the parent company's ownership may change, the ultimate controlling party will remain the same. Yunnan Xiyi Industry states that this reorganization will not significantly impact its regular business operations. The company will continue to provide updates as required by disclosure regulations. Yunnan Xiyi Industry reminds investors that the reorganization is subject to regulatory procedures and involves uncertainties, advising caution.