Company Overview - Yaguang Technology, formerly known as Sunbird, is a major provider of yacht, business boat, and special boat system solutions in China, established in 2003 and listed in 2010 as the first yacht manufacturing public company in the country [2][3] - The company has a registered capital of 139.1 million yuan and total assets of 940 million yuan, with production bases in Hunan and Guangdong, and subsidiaries in multiple locations including the USA and Italy [2] Recent Management Changes - Li Ji has been appointed as the Vice General Manager of Yaguang Technology, following the leave of absence of his father, Li Yuexian, the company's actual controller and chairman, who is currently under investigation [1][7] - Li Ji has been with Yaguang Technology for several years and has served as a director of Chengdu Yaguang, assisting in business operations and capital management [1][7] Financial Performance - As of July 7, Yaguang Technology's stock closed at 6.40 yuan per share, marking a significant decline of 10.24%, which is the largest single-day drop for the stock this year [1] - On July 7, the stock price opened significantly lower, dropping over 12% at one point during trading, and closed down 9.4% at 6.46 yuan per share [4][5] Corporate Governance - The fifth board meeting of Yaguang Technology was held on July 6, where Li Ji's appointment was unanimously approved by the participating directors, despite his father being absent due to the ongoing investigation [7] - The company has stated that its production and management operations remain normal, with other board members and senior management continuing their duties [4][7]