Recent Updates — YMT

Yimutian Inc. announced an extraordinary general meeting scheduled for November 23, 2026, where shareholders will vote on proposed resolutions to significantly alter the company's capital structure and governance. The key proposal involves a special resolution to increase the voting rights attached to each Class B ordinary share from 1,000 to 10,000 votes. Additionally, the board seeks approval to increase authorized share capital from US$2 million divided into 200 billion shares to US$20 million divided into 2 trillion shares of a par value of US$0.00001 each. The meeting will also consider adopting the Fifteenth Amended and Restated Memorandum and Articles of Association. Yimutian Inc. is a leading agricultural digital service company in China that provides AI-powered services across the entire agricultural value chain.

Yimutian Inc. announced a plan to adjust the ratio of its American depositary shares (ADSs) to Class A ordinary shares from one ADS representing 6,000 shares to one ADS representing 60,000 shares. This change is effective on or around November 16, 2026, and functions as a 10-for-1 reverse split for ADS holders. Existing ADS holders must surrender ten old ADSs for one new ADS. Fractional entitlements will be sold by the depositary bank with proceeds distributed to holders. The underlying ordinary shares remain unaffected. Yimutian Inc. is a leading digital service provider covering China’s entire agricultural value chain, leveraging AI and big data technologies.

On October 23, 2026, Yimutian Inc. issued and sold a third additional senior convertible promissory note with an original principal amount of $2,500,000 to an existing investor. This issuance occurs under the terms of a Securities Purchase Agreement dated December 8, 2025, which authorized the company to issue up to $30,000,000 in aggregate principal amount of senior convertible notes. The new note matures on October 23, 2027, and carries an initial conversion price of $0.5378 per American depositary share (ADS). The transaction was conducted pursuant to Regulation D exemptions. Yimutian Inc. operates in the technology sector, providing digital marketing services.

The Nasdaq Stock Market confirmed that Yimutian Inc. has regained compliance with the minimum stockholders' equity requirement of US$2.5 million under Listing Rule 5550(b)(1). This confirmation follows the company's belief, based on completed acquisitions, that it met the threshold and its previous request for formal verification. Nasdaq also confirmed that Yimutian satisfied all requirements set forth in a Nasdaq Hearings Panel decision dated July 8, 2026. The company is now subject to a mandatory panel monitor for one year from October 20, 2026. If the company fails to maintain compliance during this period, it will face immediate delisting without an opportunity to submit a new compliance plan or request additional cure time. Yimutian Inc. operates as a leading agricultural B2B platform in mainland China, digitalizing the country's agricultural product supply chain infrastructure.

Yimutian Inc. completed three acquisitions in September 2026 to bolster its balance sheet. On September 10, it acquired 100% of Qingdao Xingongguan Holiday Hotel Co., Ltd. for US$5,800,000 by issuing 15,875,910,000 Class A ordinary shares (2,645,985 ADSs). On the same date, it purchased land and equipment from Zhaodong Guohe Animal Husbandry Co., Ltd. for US$21,161,390 by issuing 57,923,514,000 Class A ordinary shares (9,653,919 ADSs). On September 20, it acquired a 33.33% stake in Qingdao Quanao Supply Chain Technology Co., Ltd. for US$25,000,000 by issuing 72,815,532,000 Class A ordinary shares (12,135,922 ADSs). The company states these transactions resulted in stockholders' equity of at least $2.5 million, aiming to regain compliance with Nasdaq Listing Rule 5550(b)(1) regarding minimum equity requirements for continued listing. Yimutian Inc. operates as a technology and investment holding company based in Beijing.

Yimutian Inc. completed two previously disclosed acquisitions on September 10, 2026: a 100% stake in Qingdao Xingongguan Holiday Hotel Co., Ltd. for US$5.8 million and specific assets from Zhaodong Guohe Animal Husbandry Co., Ltd. for US$21.16 million, issuing approximately 73.8 billion Class A ordinary shares (12.3 million ADSs) as consideration. On September 20, 2026, the company completed the first phase of its acquisition of Qingdao Quanao Supply Chain Technology Co., Ltd., purchasing a 33.33% interest for US$25 million by issuing approximately 72.8 billion Class A ordinary shares (12.1 million ADSs) at an issue price of US$2.06 per ADS, with rights to acquire the remaining equity up to 100%. In total, the company issued 146.6 billion Class A ordinary shares (24.4 million ADSs) across these transactions, resulting in approximately 152.3 billion ordinary shares outstanding as of September 24, 2026. Yimutian Inc. operates in the technology and hospitality sectors, providing internet information services and hotel management.