Response from Xiangtan Yongda Machinery Manufacturing Co., Ltd. to the Shenzhen Stock Exchange's Inquiry Letter on Issuing Shares and Cash for Asset Acquisition

Yongda Co., Ltd.·June 4, 2026·175 pages

✨ AI Summary

Xiangtan Yongda Machinery Manufacturing Co., Ltd. responded to the Shenzhen Stock Exchange regarding its application for issuing shares and cash to acquire assets. The total assessed value of the assets is 1.449 billion yuan, with a transaction price of 1.42 billion yuan. The company provided detailed explanations on financial performance, asset valuation, and future risks, indicating a stable outlook for its operations and partnerships.

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Full Translation

AI Translation· azure_openai

Response to the Shenzhen Stock Exchange

On May 20, 2026, Xiangtan Yongda Machinery Manufacturing Co., Ltd. received the Shenzhen Stock Exchange's inquiry letter regarding the application for issuing shares and cash to acquire assets (Inquiry Letter [2026] No. 130010, hereinafter referred to as "Inquiry Letter"). The company and relevant intermediaries have verified and implemented the issues raised in the inquiry letter and have responded to the questions as required. The definitions used in this response are consistent with those defined in the "Definitions" section of the restructuring report. Some totals in this response may differ from the direct sum due to rounding.

Question 1: Operating Performance of the Target Assets
Question 2: Financial Condition of the Target Assets
Question 3: Assessment Forecast
Question 4: Related Arrangements for the Transaction
Other Matters

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