Yunda Holding amends governance, plans up to 4 bn yuan in new debt

Yunda Holding Group Co., Ltd. convened its Eighth Board of Directors’ Twenty-Second Meeting and Eighth Board of Supervisors’ Sixteenth Meeting on October 13, 2025, approving several key proposals. The company announced the revision of its Articles of Association, reflecting an increase in total share capital from 2,899,194,690 shares to 2,899,200,219 shares due to the conversion of “Yunda Convertible Bonds” between September 1, 2024, and September 30, 2025. This change also impacts the registered capital, which increased from 2,899,194,690 yuan to 2,899,200,219 yuan. The revisions aim to enhance corporate governance and streamline operations by replacing the supervisory board with the audit committee.

Concurrently, the board approved plans to register and issue corporate bonds not exceeding 2 bn yuan and ultra-short-term financing bills not exceeding 2 bn yuan. These financing initiatives aim to diversify funding channels, optimize debt structure, innovate financing methods, and reduce costs. The company will also seek shareholder authorization for the management to handle all related procedures, with validity extending until the registration, issuance, and existence periods of the bonds and bills.

Additionally, the board approved the re-appointment of Rongcheng Certified Public Accountants (Special General Partnership) as the auditor for the company’s 2025 financial statements and internal controls. These proposals will be submitted for approval at the company's First Extraordinary General Meeting of 2025, scheduled for October 30, 2025, utilizing both on-site and online voting.