YONGYUE Technology: Wanjiang Communications acquires 10.02% of shares

YONGYUE announced that Mr. Fu Wenchang signed a "Share Transfer Agreement" with Guangzhou Wanjian Communication Technology Co., Ltd., in which Fu Wenchang transferred 36 million unrestricted circulating shares to Wanjian Communication, accounting for 10.02% of the company's total share capital, at a transfer price of 228 million yuan. The transfer registration procedures were completed on October 23, 2025, and Wanjian Communication became a non-first major shareholder holding more than 5% of the company. This transfer does not trigger a tender offer, will not lead to changes in the company's controlling shareholder and actual controller, and will not have a significant impact on the company's governance structure and ongoing operations