Yaoshi Technology: Announcement on the equity changes of controlling shareholders, actual controllers and persons acting in concert touching an integral multiple of 1%
Securities code: 300725 Securities abbreviation: Yaoshi Technology Announcement number: 2025-088 Bond code: 123145 Bond abbreviation: Yaoshi Convertible Bonds
Nanjing Yaoshi Technology Co., Ltd.
Announcement on changes in the equity of controlling shareholders, actual controllers and persons acting in concert touching an integral multiple of 1%
The company's shareholder, Nanjing Novicos Venture Capital Partnership (Limited Partnership), guarantees that the information provided to the company is true, accurate and complete, and contains no false records, misleading statements or major omissions.
The company and all members of the board of directors guarantee that the content of the announcement is consistent with the information provided by the information disclosure obligor.
Nanjing Yaoshi Technology Co., Ltd. (hereinafter referred to as the "Company") disclosed the "Pre-Disclosure Announcement on the Reduction of Shareholdings by the Company's Shareholders" (Announcement Number: 2025-044) on July 10, 2025. The company's employee shareholding platform, Nanjing Novicos Venture Capital Partnership (Limited Partnership) (hereinafter referred to as "Novocos"), plans to reduce all its holdings of the company's shares through centralized bidding and block transactions within fifteen trading days from the date of the pre-disclosure announcement of this shareholding reduction plan (no reduction in holdings during the window period). Among them, if the shareholding is reduced through centralized bidding transactions, the number of shares reduced shall not exceed 1.00% of the company's total shares in any 90 consecutive natural days; if the shareholding is reduced through block transactions, the number of shares reduced within any 90 consecutive natural days shall not exceed 2.00% of the company's total shares (during the shareholding reduction period, if the company has bonus shares, capital reserves are transferred to share capital, etc., resulting in changes in the number of shares held, the number of shares reduced will be adjusted accordingly).
On September 12, 2025, the company received the "Notification Letter on Share Reduction" issued by Novicos. From August 30, 2025 to September 12, 2025, Novicos reduced its holdings of 100,000 shares of the company's shares through block transactions. During this period, the company's convertible bonds were converted into 10,213,760 shares, and the company's total share capital increased from 220,376,063 shares to 230,589,823 shares. Affected by this, the shareholding changes of the controlling shareholders, actual controllers and persons acting in concert accounted for 0.92% of the company's total share capital. After this change in equity, the company's controlling shareholders, actual controllers and persons acting in concert held a total of 43,689,328 shares of the company, with the shareholding ratio falling from 19.87% to 18.95%. The change in shares reached an integral multiple of 1%. The specific information is now announced as follows:
1.Basic situation
Information Disclosure Obligor Nanjing Novicos Venture Capital Partnership (Limited Partnership)
Address: Room 104, Building B, No. 10, Xinghuo Road, Jiangbei New District, Nanjing City
Equity change time: August 30, 2025 - September 12, 2025
From August 30, 2025 to September 12, 2025, Novicos reduced its holdings of 100,000 shares of the company through block transactions. During this period, the company's convertible bonds were converted into shares of 10,213,760 shares, and the company's total share capital increased from
220,376,063 shares increased to 230,589,823 shares. Affected by this, the equity changes of the controlling shareholder and actual controller
The shareholding changes of its concerted parties accounted for 0.92% of the company's total share capital. After this equity change, the total number of company shares held by the company’s controlling shareholders, actual controllers and persons acting in concert
43,689,328 shares, the shareholding ratio dropped from 19.87% to 18.95%, and the share change touched an integral multiple of 1%. Stock abbreviation Yaoshi Technology Stock code 300725
act in concert
Direction of change Up □ Down Yes No □
people
Is it the largest shareholder or actual controller? Yes□ No
- Changes in equity this time
Type of shares Number of shares changed (10,000 shares) Change ratio (%)
A shares -10.00 -0.92
Total -10.00 -0.92
Centralized trading through stock exchanges □
The method of this equity change (can be more
Block trades through stock exchanges
Select)
Others (Passive dilution by conversion of convertible bonds into shares)
- Before and after this change, investors and their persons acting in concert have shares in listed companies.
Name of shareholders who held shares before this change. Name of shareholders who held shares after this change.
% excluding repurchases % excluding repurchases Nature of shares
Proportion of total share capital Proportion of total share capital
weigh
Number of shares (10,000 shares) Ratio of the total share capital Number of shares (10,000 shares) Ratio of the total share capital
Proportion Proportion of total shares held 4,140.33 18.79% 18.86% 4,140.33 17.96% 18.02% including: no sales limit
Yang Minmin 1,035.08 4.70% 4.71% 1,035.08 4.49% 4.51% shares
Shares with sales restrictions 3,105.25 14.09% 14.14% 3,105.25 13.47% 13.52% Total shares held 208.66 0.95% 0.95% 198.66 0.86% 0.86% Novi Among them: No sales conditions
208.66 0.95% 0.95% 198.66 0.86% 0.86%Cosi shares
Shares with sales restrictions - - - - - - Total shares held 26.94 0.12% 0.12% 26.94 0.12% 0.12% Of which: shares without sales restrictions
Yang Binbin 26.94 0.12% 0.12% 26.94 0.12% 0.12% shares
Shares with sales restrictions - - - - - - Wang Xiaoyan Total shares held 3.00 0.01% 0.01% 3.00 0.01% 0.01%
Among them: unlimited sales conditions
3.00 0.01% 0.01% 3.00 0.01% 0.01% shares
Restricted shares - - - - - -
total
4,378.93 19.87% 19.95% 4,368.93 18.95% 19.02%
Note:
Yang Binbin and Wang Xiaoyan are the brothers and sisters-in-law of the company’s controlling shareholder and actual controller Yang Minmin;
Before this equity change, based on the company’s total share capital of 220,376,063 shares after the close of trading on August 28, 2025, the total share capital after excluding the number of shares in the special securities account for repurchase was 219,539,973 shares;
After this equity change, based on the company’s total share capital of 230,589,823 shares after the close of trading on September 11, 2025, the total share capital after excluding the number of shares in the special securities account for repurchase is 229,753,733 shares;
Except for Novicos, other shareholders have not reduced their holdings, and the change in shareholding ratio is caused by passive dilution due to the conversion of convertible bonds into shares; 5. If there is a discrepancy between the total number and the sum of the sub-items in the table, it is due to rounding.
Implementation of commitments, plans, etc.
Yes No □
Nanjing Yaoshi Technology Co., Ltd. (hereinafter referred to as the "Company") disclosed on July 10, 2025 whether this change was made to fulfill the
The "Pre-Disclosure Announcement on the Reduction of Shareholdings by the Company's Shareholders" (Announcement Number: 2025-044) was issued. commitments, intentions, plans
As of the disclosure date of this announcement, this reduction is consistent with the previously disclosed reduction plan.
The plan has not yet been implemented.
Is there any violation in this change?
"Securities Law" "Receipts of Listed Companies"
Procurement Management Measures and other laws and regulations
Yes□ No
Policies and regulations, departmental rules and regulations
documents and business rules of the firm, etc.
prescribed situation
- Shares with restricted voting rights
In accordance with Article 63 of the Securities Law
whether there are any provisions of Article 2 that shall not
Yes□ No
Shares exercising voting rights
Further explanation of the increase in shareholdings of shareholders with more than 30% of shares (not applicable)
Documents available for inspection
Details of shareholding changes of China Securities Depository and Clearing Co., Ltd. □
Relevant written commitment documents
Lawyer’s written opinion □
Other documents required by the Exchange
Announcement is hereby made.
Board of Directors of Nanjing Yaoshi Technology Co., Ltd.
September 13, 2025