Xiangtan Yongda Machinery Manufacturing Co., Ltd. Report on Issuing Shares and Paying Cash to Acquire Assets and Raising Supporting Funds and Related Transactions Comparison of Differences Between the Draft Report and the Proposal
Xiangtan Yongda Machinery Manufacturing Co., Ltd. (hereinafter referred to as "the Company" or "the Listed Company") intends to acquire 49.00% equity of Jiangsu Jinyuan High-end Equipment Co., Ltd. (hereinafter referred to as "the Target Company") held by Ge Yanming (hereinafter referred to as "the Counterparty") through the issuance of shares and payment of cash, while raising supporting funds (hereinafter referred to as "this transaction").
On December 8, 2025, the Listed Company held the 11th meeting of the 2nd Board of Directors, which approved the "Proposal on Issuing Shares and Paying Cash to Acquire Assets and Raising Supporting Funds and Related Transactions" (hereinafter referred to as "the Proposal") and other related resolutions. On April 14, 2026, the Listed Company held the 14th meeting of the 2nd Board of Directors, which approved the "Report on Issuing Shares and Paying Cash to Acquire Assets and Raising Supporting Funds and Related Transactions (Draft)" (hereinafter referred to as "the Restructuring Report") and other related resolutions. The main differences between the content of the Restructuring Report and the Proposal are as follows:
| Main Chapters of the Restructuring Report | Main Chapters of the Proposal | Explanation of Differences from the Proposal | |
|---|---|---|---|
| 1. Update the statement of the Listed Company | 1. Statement of the Counterparty; | ||
| Statement of the Listed Company, Statement of the Counterparty | Statement of the Listed Company, Statement of the Counterparty | ||
| 2. Supplement disclosure of relevant securities service institutions and personnel | |||
| Relevant securities service institutions and personnel statement | Statement of the Counterparty | ||
| Statement | . |