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Yayun, a subsidiary of textile and chemical industry, is mainly engaged in the research, development, production and sales of dyes and textile auxiliaries. Under the current industry trends such as the overall weakness of the consumer market and the accelerated transfer of the textile industry chain, the company's operation is facing challenges. In the first half of this year, the overall operating performance of Yayun Co., Ltd. rebounded compared with the same period of last year. The company realized operating income and net profit attributable to its mother were 437 million yuan and 43.6 million yuan respectively.Planning for more than a year, the listed company announced that it intends to terminate major asset restructuring!After 2018, Yingming Zhitong changed its name to its current name after the listing of the New Third Board was terminated, and started the technical research and development and operation of the electric vehicle replacement mode. It is worth mentioning that Ying Zhitong once conducted counseling and filing in Sichuan Securities Regulatory Bureau in 2020. The proposed listing board is science and technology innovation board of Shanghai Stock Exchange, and the sponsor institution is Dongguan Securities. Counseling institutions have suggested that Eagle Smart Public Offering Project is still in the process of promotion, and its corporate governance system needs to be further improved, and both problems need to be solved.

Termination of reorganizationAfter 2018, Yingming Zhitong changed its name to its current name after the listing of the New Third Board was terminated, and started the technical research and development and operation of the electric vehicle replacement mode. It is worth mentioning that Ying Zhitong once conducted counseling and filing in Sichuan Securities Regulatory Bureau in 2020. The proposed listing board is science and technology innovation board of Shanghai Stock Exchange, and the sponsor institution is Dongguan Securities. Counseling institutions have suggested that Eagle Smart Public Offering Project is still in the process of promotion, and its corporate governance system needs to be further improved, and both problems need to be solved.Planning for more than a year, the listed company announced that it intends to terminate major asset restructuring!

Termination of reorganizationIn the follow-up, the intention to terminate this major asset restructuring still needs to be reviewed and approved by the board of directors of Yayun Co., Ltd. Yayun Co., Ltd. said that it will hold a board meeting in the near future to review relevant matters, and will disclose and terminate the announcement of this major asset restructuring in a timely manner. The company will promise not to plan any major asset restructuring within one month after the announcement of the termination of this transaction.