Yotrio Group liquidates subsidiary Henan Yonghao to boost efficiency

Yotrio Group Co., Ltd. announced the decision to deregister its wholly-owned subsidiary, Henan Yonghao Outdoor Products Co., Ltd. The move, approved by the company's Seventh Board of Directors at its fifth meeting, aims to integrate resources, improve asset operating efficiency, reduce operating and management costs, and enhance overall business quality. The deregistration is within the company's board approval authority.

Henan Yonghao Outdoor Products Co., Ltd. was established on November 10, 2022, with a registered capital of 50 million yuan. As of September 30, 2025 (unaudited), its total assets were 2,484.66 yuan and net assets were 2,191.21 yuan. For the period of January to September 2025, the subsidiary reported a total operating income of 9,276.57 yuan and a net loss of 2,770.24 yuan.

Upon deregistration, Henan Yonghao will no longer be included in Yotrio Group's consolidated financial statements. However, the company asserts that this will not have a material impact on its consolidated financial statements, overall business development, or profitability, aligning with its strategic growth plans and benefiting all shareholders.