Yilida State-Owned Assets Resell, Tongxiang City Finance Bureau Invests 1.63 Billion to Take Control, Price Limit Hit the Day Before Suspension

China Economic Net Beijing, April 7 — Yilida (002686.SZ) issued an announcement on April 4 regarding the progress of the control rights change and the resumption of trading.

The company’s stock (stock code: 002686, stock abbreviation: Yilida) was suspended from trading starting from the opening of the market on Tuesday, March 31, 2026. After the company applied to the Shenzhen Stock Exchange, the company’s stock (stock abbreviation: Yilida, stock code: 002686) resumed trading at the market open on Tuesday, April 7, 2026.

Yilida hit the daily limit before suspension, closing at 7.89 yuan, up 10.04%.

On the same day, Yilida issued a warning announcement regarding equity changes and the proposed change of controlling shareholder and actual controller.

On April 3, 2026, the company’s controlling shareholder, Zhejiang Shang Assets, and Run Tong Holdings and Jiaxing GuoTou signed the “Share Transfer Agreement” ( hereinafter referred to as “Transfer Agreement” ). According to the transfer agreement, Zhejiang Shang Assets transferred 169,815,632 shares of Yilida (about 29.99% of the company’s total share capital) to Run Tong Holdings at a price of 7.80 yuan per share, with a total transfer amount of 1,324,561,929.60 yuan; Zhejiang Shang Assets transferred 40,316,349 shares of Yilida (about 7.12% of the company’s total share capital) to Jiaxing GuoTou at a price of 7.55 yuan per share, with a total transfer amount of 304,388,434.95 yuan.

The total cash received by Zhejiang Shang Assets from the share transfer is 1.63B yuan.

Before the completion of this equity change, Zhejiang Shang Assets was the company’s controlling shareholder, holding 210,131,981 shares, accounting for approximately 37.11% of the company’s total share capital.

After the completion of this equity change, the company’s controlling shareholder will change from Zhejiang Shang Assets to Run Tong Holdings, and the actual controller will change from the State-owned Assets Supervision and Administration Commission of Zhejiang Provincial People’s Government to the Tongxiang Municipal Finance Bureau.

This transaction does not involve a mandatory tender offer, nor does it constitute an associated transaction. It will not adversely affect the company’s normal production and operation, nor harm the interests of the company and minority shareholders, nor violate any relevant commitments.

Shenwan Hongyuan Securities Underwriting and Sponsoring Co., Ltd.'s review opinion on the detailed equity change report of Zhejiang Yilida Wind Turbine Co., Ltd. shows that Shenwan Hongyuan Securities Underwriting and Sponsoring Co., Ltd. is the financial advisor for this equity change, with Wang Yiting and Zhao Xuzheng serving as the lead financial advisors.

(Editor: Xu Zili)

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