On November 1, * ST Yijing announced the adjustment of the pre-restructuring investment arrangement. The original small investor, Zhongrun Solar Energy, intends to invest 719 million yuan to become the main investor, and will adjust the capital contribution of Ningbo Ruilian, the original main investor, to 100 million yuan after the restructuring of the holding company, and subsequently intends to act in concert with Zhongrun Solar Energy. At the same time of this
adjustment, the lock-up period of the investor's shares will be extended to five years, within which the investor shall not transfer or entrust others to manage the shares of Yijing Optoelectronics directly or indirectly held by it. After the expiration of the 60-month lock-up period, if the latest audited annual report of the listed company shows that the listed company has made profits after deducting non-profits, the investor may reduce the shares acquired through reorganization in accordance with the law.
It is worth noting that Zhongrun Solar Energy once sprinted to the GEM IPO of Shenzhen Stock Exchange, but voluntarily withdrew the application materials in June 2024 due to the tightening of the IPO rhythm and the downturn of the industry; After moving to the Hong Kong Stock Exchange, the two submissions in 2025 failed to pass the hearing as scheduled. If the company succeeds in taking over * ST Yijing, the company will "divert" to a shares.
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