Yinyi board approves Q3 report, D&O insurance, and director appointment

Yinyi (SZSE:000981) held its twelfth extraordinary meeting of the ninth board of directors on October 28, 2025, approving several key resolutions. The board approved the 2025 Third Quarterly Report, which detailed a 43.19% decrease in operating income to CNY 685,332,198.62, while net profit attributable to shareholders increased by 193.33% to CNY 218,232,562.03.

Additionally, the board approved the purchase of D&O liability insurance, with a cumulative liability limit of RMB 100,000,000 per year and a premium not exceeding RMB 300,000 per year for a 12-month period. It also approved the election of Mr. Zhu Renjie as a non-independent director, effective until the end of the ninth board's term. Mr. Zhu, born in 1979, has a master's degree and extensive experience in the automotive industry.

The board further resolved to convene the second extraordinary general meeting of shareholders for 2025 on November 13, 2025, to seek shareholder approval for these and other matters. Shareholders will vote on the D&O liability insurance and the election of the non-independent director.