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Had planned to enter a new fieldIn the past two years, the more active monthly share price trend of Yayun shares in the secondary market is related to restructuring. According to Wind's statistics, Yayun shares rose 29% in May last year, and Yayun shares released a restructuring plan that month. From September to October this year, Yayun shares rose by 26%, with an amplitude of 49%. During this period, the CSRC issued the Opinions on Deepening the Market Reform of Mergers and Acquisitions of Listed Companies.

After more than one year, the major asset restructuring of Yayun Co., Ltd. (603790) may end, and the company originally planned to enter the new energy business field.In fact, Eagle Smart Communication is not the first time to make its debut in the capital market. Before 2018, the company was listed on the New Third Board market under the name of "Chengdu Yingming E-commerce Co., Ltd." and the short name of "Yingming E-commerce". At that time, it was mainly engaged in "internet plus Automobile Aftermarket" and had many platforms such as online operation platform No.11 store and online supply chain e-commerce platform 51 accessories.After 2018, Yingming Zhitong changed its name to its current name after the listing of the New Third Board was terminated, and started the technical research and development and operation of the electric vehicle replacement mode. It is worth mentioning that Ying Zhitong once conducted counseling and filing in Sichuan Securities Regulatory Bureau in 2020. The proposed listing board is science and technology innovation board of Shanghai Stock Exchange, and the sponsor institution is Dongguan Securities. Counseling institutions have suggested that Eagle Smart Public Offering Project is still in the process of promotion, and its corporate governance system needs to be further improved, and both problems need to be solved.

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 reorganizationYayun shares had high expectations for this major asset restructuring. The company once said, "After this transaction, listed companies will enter the field of new energy business, which is a strategic industry strongly supported by the state and will continue to achieve rapid development. This newly injected business will comprehensively enhance the core competitiveness of listed companies in the new energy industry and help the long-term development of listed companies. "