YKS(SZ:300209) Shen Zhen Shang Bao·2025-11-18 10:37Core Viewpoint - The ongoing internal conflict within the company following the removal of its former chairman, Xiao Siqing, continues to escalate, leading to a significant lawsuit regarding the validity of a recent shareholder meeting resolution [1][9]. Group 1: Lawsuit Details - The company has received a lawsuit from former chairman Xiao Siqing, who claims that there were significant procedural flaws in the convening and resolution of the 2025 first extraordinary general meeting [2][5]. - Xiao Siqing's lawsuit requests the annulment of the resolutions made during the 2025 first extraordinary general meeting held on October 10, 2025, and seeks to have the defendant bear all litigation costs [6]. Group 2: Company’s Defense - The company asserts that the process of convening and resolving the 2025 first extraordinary general meeting was legal and compliant, countering claims of procedural flaws [7][8]. - The company argues that the judicial freeze on Wang Wei's shares does not affect his shareholder rights, and that the source of his investment funds has been verified as legitimate [7][8]. Group 3: Impact on Financial Reporting - The company has not yet released its third-quarter report for 2025, citing ongoing challenges in asset and business management transitions, which have delayed the completion of necessary audits [10]. - The company emphasizes that the lawsuit's impact on its profits remains uncertain, and it will actively respond to the legal proceedings while maintaining transparency with shareholders [9].