YMT

Acquisition Announcement: Yimutian Inc. has signed a binding agreement to acquire 100% of Ningbo Xunxi Technology Co., Ltd. through a mix of cash and stock, aiming to enhance its B2C services and digital supply chain management.

Strategic Integration: The acquisition is expected to optimize Yimutian's business model from B2B to a comprehensive B2B2C ecosystem, significantly impacting revenue and earnings in the first fiscal year post-IPO.

Xunxi Technology Overview: Founded by former executives from NetEase and Alibaba, Xunxi Technology specializes in e-commerce operations and has established partnerships with over 1,300 brands, serving various sectors including finance and education.

Leadership Transition: Following the acquisition, Lei Chen, co-founder of Xunxi Technology, will join Yimutian as Vice President and General Manager of Retail Business, bringing over 20 years of e-commerce experience to support Yimutian's expansion.

Initial Public Offering Announcement: Yimutian Inc. has priced its initial public offering at $4.10 per American depositary share (ADS), aiming to raise approximately $20.541 million by offering 5,010,000 ADSs.

Use of Proceeds: The company plans to utilize the net proceeds from the offering for enhancing digital agricultural commerce services, developing technological infrastructure, expanding agricultural sourcing and trading services, and general corporate purposes.

Trading Details: The ADSs are approved for listing on Nasdaq under the symbol "YMT," with trading expected to commence on August 19, 2025, and the offering anticipated to close around August 20, 2025.

Company Background: Yimutian Inc. is a leading agricultural B2B platform in China, serving over 39 million merchants and facilitating significant transaction volumes through its digital services aimed at streamlining the agricultural supply chain.