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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.According 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.

According to the introduction of the reorganization plan disclosed by Yayun Co., Ltd. in 2023, Yingming Zhitong is mainly engaged in the operation of power exchange network and the sales of new energy vehicles. After divesting the business segment of "automobile network electronic product sales and automobile aftermarket business" and retaining the business related to new energy and electricity exchange, Yingzhitong's total operating income in 2022 was 743 million yuan, its net profit was 86.236 million yuan, and its net assets by the end of 2022 were 669 million yuan. However, Yayun Co., Ltd. has not been able to disclose the evaluation value and transaction price of Eagle Smart.On the evening of December 9, Yayun shares announced the news of the proposed termination of major asset restructuring. The company originally planned to acquire 100% shares of Chengdu Eagle Smart Communication Technology Co., Ltd. (hereinafter referred to as "Eagle Smart Communication") and raise matching funds at the same time. If the transaction is successfully completed, Yayun shares will enter new business areas such as new energy exchange services.Termination of reorganization

Planning for more than a year, the listed company announced that it intends to terminate major asset restructuring!Termination of reorganization