Securities Code: 000691
Securities Abbreviation: Yatai Industrial
Announcement No.: 2026-091
Gansu Yatai Industrial Co., Ltd.
Announcement on the Expiration and Implementation of Share Reduction Plan by Shareholder's Concerted Party Holding Over 5%
Shareholder Lanzhou Taihua Investment Holding Co., Ltd. and its concerted party Lanzhou Yatai Mining Group Co., Ltd. guarantee that the information provided to this company is true, accurate, and complete, and contains no false records, misleading statements, or major omissions.
The Company and all members of the Board of Directors guarantee that the content of the announcement is consistent with the information provided by the information disclosure obligor.
On September 18, 2025, Gansu Yatai Industrial Co., Ltd. (hereinafter referred to as the "Company") announced that its shareholder holding more than 5% of the shares, Lanzhou Yatai Mining Group Co., Ltd. (hereinafter referred to as "Yatai Mining"), its concerted party Lanzhou Taihua Investment Holding Co., Ltd. (hereinafter referred to as "Taihua Investment"), and Zhu Quanzu, Lanzhou Baohui Business Services Co., Ltd. signed a "Cooperation Agreement" with Chen Zhijian and Guangzhou Wanshun Technology Co., Ltd. (hereinafter referred to as "Guangzhou Wanshun"). On January 23, 2026, Taihua Investment and Yatai Mining, Zhu Quanzu, Lanzhou Baohui Business Services Co., Ltd. signed a "Supplementary Agreement to the Cooperation Agreement" with Guangzhou Wanshun and Chen Zhijian. According to the agreement, Taihua Investment and Yatai Mining agreed to transfer their company shares to Guangzhou Wanshun or an entity designated by Guangzhou Wanshun, with the number of shares transferred ranging from 18 million to 23 million shares. For details, please refer to the "Announcement on the Signing of a Cooperation Agreement by the Actual Controller, Controlling Shareholder, Shareholder Holding Over 5% and Related Parties" (Announcement No.: 2025-088) disclosed by the Company on September 20, 2025, and the "Progress Announcement on the Signing of a Supplementary Agreement to the Cooperation Agreement by Shareholders and Related Parties" (Announcement No.: 2026-014) disclosed on March 5, 2026.
To fulfill the above agreement, Taihua Investment cumulatively reduced its holdings of the Company's shares by 3,330,000 shares through block trading from January 26, 2026, to February 13, 2026, accounting for 0.69% of the Company's total share capital. This reduction plan expired on March 4, 2026. After the reduction, the combined shareholding ratio of Taihua Investment and its concerted party Yatai Mining decreased from 9.69% to 9.00%. For details, please refer to the "Pre-disclosure Announcement on Share Reduction by Shareholder Holding Over 5%" (Announcement No.: 2025-109) disclosed by the Company on November 14, 2025, the "Progress Announcement on Shareholder Share Reduction Plan" (Announcement No.: 2026-003) disclosed on January 6, 2026, the "Announcement on the Change of Equity Exceeding 1% Integer Multiple by Shareholder Holding Over 5% and Its Concerted Party" (Announcement No.: 2026-029) disclosed on February 14, 2026, and the "Announcement on the Expiration and Implementation of Share Reduction Plan by Shareholder Holding Over 5% and Its Concerted Party" (Announcement No.: 2026-034) disclosed on March 5, 2026.