Yunnan YNYW plans to acquire 100% equity of Yunnan Energy Investment Honghe Power Co., Ltd. through the issuance of shares and cash payment. The transaction constitutes a related party transaction and a major asset restructuring, which will not lead to a change in the actual controller. The company's stock will be suspended from trading starting December 9, 2024, and will resume trading on December 23. In 2025, the company will disclose multiple announcements regarding the restructuring progress. In June, due to the need for further decision-making by relevant parties, it was unable to issue a notice for the shareholders' meeting within the stipulated time. As of the announcement disclosure date on September 11, the transaction work is actively progressing, and no formal agreements have been signed by the parties involved. The transaction still requires internal decision-making and regulatory approval, and there is significant uncertainty regarding its final implementation, reminding investors to pay attention to risks