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Had planned to enter a new fieldTermination of reorganizationHad planned to enter a new field

Termination of reorganizationAccording to the data of enterprise investigation, there were some judicial disputes at the end of this year: Xiong Wen, one of its major shareholders, held some shares in Eagle Smart, and Chengdu Yingming New Energy Technology Co., Ltd., one of its subsidiaries, was listed as the executor.Yayun Co., Ltd. once suggested the risk factors of this reorganization in the stock price change, saying that there is a certain time span from the date of signing the relevant agreement to the final implementation, during which the market environment may change substantially, thus affecting the business decisions of listed companies, counterparties and underlying assets, thus leading to the possibility of suspension, suspension or cancellation of this transaction.

Yayun shares had high expectations for this major asset restructuring. The company once said, "After this transaction, listed companies will enter the field of new energy business, which is a strategic industry strongly supported by the state and will continue to achieve rapid development. This newly injected business will comprehensively enhance the core competitiveness of listed companies in the new energy industry and help the long-term development of listed companies. "Had planned to enter a new fieldAfter more than one year, the major asset restructuring of Yayun Co., Ltd. (603790) may end, and the company originally planned to enter the new energy business field.