M&A - YXT.COM GROUP HOLDING Ltd
Form Type: 20-F
Filing Date: 2025-04-24
Corporate Action: Acquisition
Type: Update
Accession Number: 000119312525092148
Filing Summary: On September 28, 2021, Yunxuetang acquired a 10% equity interest in Shanghai Jiayang Information System Co., Ltd for RMB 55,000, recognized unrealized gains and losses in subsequent years. Additionally, the company acquired 10.02% of Guangzhou Tale Base Technology Co., Ltd on February 28, 2022, with continuous unrealized losses. A 19% equity interest in Beijing Lingdai was acquired on July 1, 2021, also leading to significant unrealized losses and impairment assessments. The document addresses unrealized losses from other investments and re-designation of ordinary shares into Class A and Class B shares prior to an IPO.
Additional details:
Equity Interest Acquired Shanghai Jiayang: 10%
Cash Consideration Shanghai Jiayang: RMB 55,000
Date Acquired Shanghai Jiayang: 2021-09-28
Unrealized Gain Shanghai Jiayang 2022: RMB 2,130
Unrealized Gain Shanghai Jiayang 2023: RMB 5,941
Unrealized Loss Shanghai Jiayang 2024: RMB 1,645
Equity Interest Acquired Guangzhou Tale Base: 10.02%
Cash Consideration Guangzhou Tale Base: RMB 31,400
Date Acquired Guangzhou Tale Base: 2022-02-28
Unrealized Loss Guangzhou Tale Base 2022: RMB 271
Unrealized Gain Guangzhou Tale Base 2023: RMB 1,047
Unrealized Loss Guangzhou Tale Base 2024: RMB 776
Equity Interest Acquired Beijing Lingdai: 19%
Cash Consideration Beijing Lingdai: RMB 31,980
Date Acquired Beijing Lingdai: 2021-07-01
Unrealized Loss Beijing Lingdai 2022: RMB 3,509
Impairment Loss Beijing Lingdai 2023: RMB 3,365
Impairment Loss Beijing Lingdai 2024: RMB 7,492
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