Securities Code: 300792
Securities Abbreviation: Yiwang Yichuang
Announcement Number: 2026-051
Hangzhou Yiwang Yichuang Technology Co., Ltd.
Announcement on Termination of Issuing Shares and Paying Cash to Purchase Assets and Raise Supporting Funds
The Company and all members of the Board of Directors guarantee the content of the information disclosure is true, accurate, and complete, and contains no false records, misleading statements, or major omissions.
Hangzhou Yiwang Yichuang Technology Co., Ltd. (hereinafter referred to as the "Company") held the 17th meeting of the Fourth Board of Directors on August 5, 2026, and reviewed and approved the "Proposal on Terminating the Issuance of Shares and Paying Cash to Purchase Assets and Raise Supporting Funds." The relevant matters are hereby announced as follows:
I. Situation of the Transaction
The Company intended to acquire 100% equity of Beijing Lian Shi Chuan Qi Network Technology Co., Ltd. by issuing shares and paying cash to Yang Guanghong, Beijing Sheng Ming Que Qi Management Consulting Center (Limited Partnership), Beijing Que Qi E-commerce Center (Limited Partnership), Beijing Sheng Ming E-commerce Center (Limited Partnership), and Qingdao Jing Heng Zhong Dao Venture Capital Investment Fund Partnership (Limited Partnership) (collectively referred to as the "Counterparties"). Simultaneously, the Company planned to issue shares to no more than 35 specific investors meeting the requirements of the China Securities Regulatory Commission (hereinafter referred to as the "CSRC") to raise supporting funds (hereinafter referred to as the "Transaction"). The Transaction does not constitute a major asset restructuring, nor does it constitute a related-party transaction or a restructuring for backdoor listing.
II. Work Undertaken During the Progress of the Transaction
(I) Historical Disclosure of the Transaction