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Yuyue Medical is about to withdraw its shareholding through capital increase and share repurchase mattersapollopaysmegawaysAfter the transaction is completed, Minuo Medical will optimize resource allocation and enhance competitiveness, which is in line with long-term development.

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[Yuyue Medical (002223) announced its withdrawal from the ranks of shareholders of Minuo Medical] On May 19, Yuyue Medical (002223.SZ) disclosed that as Amsino Medical Group Company LimitedapollopaysmegawaysShareholders, the company holds 11apollopaysmegaways,879apollopaysmegaways, 809 ordinary shares. Along with the development planning and operating strategy adjustment of the company and Minuo Medical, Minuo Medical plans to increase equity capital and share repurchase in the near future.

[Minuo Medical releases capital increase and share repurchase plan] This plan includes Minuo Medical issuing Class A preferred shares and introducing an external subscriber named NTSPV18 as a new shareholder. After the capital increase, Minuo Medical plans to repurchase the ordinary shares held by Yuyue Medical and Jiangsu Yuyue Technology Development Co., Ltd., accounting for 11,879,809 shares and 8,629,255 shares respectively. After the move is completed, Yuyue Medical and its controlling shareholders will no longer hold shares in Minuo Medical.

[Yuyue Medical Board of Directors Approves Share Repurchase Proposal] On May 18, 2024, the company's board of directors approved the proposal to sign a share repurchase agreement with a joint-stock company, agreed to the share repurchase, and authorized the management to sign relevant agreements and implement Share repurchase process.

[Meinuo Medical is regarded as a related legal person of Yuyue Medical] Yuyue Technology, as the controlling shareholder of Yuyue Medical, is also a shareholder of Meinuo Medical, and Wu Qun, chairman and general manager of Yuyue Medical, and Zheng Hong, deputy general manager,