Financing Update - Yimutian Inc. announced an update to its financing plan, maintaining a private placement of up to US$30.0 million of senior convertible promissory notes, with an initial closing of US$3.37 million completed in December 2025 [1] - The company has decided not to proceed with a proposed follow-on public offering due to current market conditions and will request withdrawal of the registration statement filed with the SEC [2][4] Capital Structure and Strategy - The company believes that maintaining flexibility under its existing private financing arrangement is prudent given the prevailing market conditions and current capital planning priorities [4] - Yimutian Inc. will continue to evaluate financing alternatives and capital planning initiatives to support long-term growth, liquidity, and shareholder value [4] Company Overview - Yimutian Inc. is a leading agricultural B2B platform in mainland China, focused on digitalizing the agricultural product supply chain to enhance transaction efficiency, transparency, security, and convenience [7]

Core Insights - The company reaffirms its long-term value conviction and outlines a strategic update for 2026, including capital plans and financial outlook [1] - Management commits to purchasing at least US$3 million of the company's shares in the open market and has established a twelve-month lock-up on existing holdings [2] - The company expects total revenue of approximately RMB 1.0 billion for 2026, driven by core operations and the pending Xunxi acquisition [3] Capital and Financial Commitments - The company has a US$30 million convertible note facility, with the initial tranche of US$3.3 million already funded [2] - A formal share repurchase program is being developed to provide a structured mechanism for capital return alongside management's personal purchases [2] Business Operations and Growth - The core business growth is supported by online-to-offline integration, geographic expansion, supply chain digitization, and partnerships with supermarket operators and livestreaming platforms [3] - The contribution from the Xunxi acquisition is contingent on its closing, which is expected in the near term [3] Company Overview - Yimutian Inc. is a leading agricultural B2B platform in mainland China, focused on digitalizing the agricultural product supply chain to enhance efficiency and transparency [5]

Core Points - Yimutian Inc. has received a notification from Nasdaq indicating it no longer meets the minimum Market Value of Publicly Held Shares (MVPHS) requirement of US$15 million [1][2] - The company has a 180-day grace period to regain compliance, which ends on May 5, 2026, by maintaining an MVPHS of US$15 million or more for at least ten consecutive business days [2] - Management is exploring options to regain compliance, including the potential increase in MVPHS after the lock-up period expires in February 2026, which may lead to more shares being publicly held [2] Company Overview - Yimutian Inc. is a leading agricultural B2B platform in mainland China, focused on digitalizing the agricultural product supply chain to enhance transaction efficiency, transparency, security, and convenience [3]