Yusys Technologies Co Ltd Class A

Yusys Technologies announced on September 30 that the company's actual controller, chairman and general manager Hong Weidong passed away on September 29, 2026. On the same day, the board of directors elected co-founder, director and deputy general manager Ms. Wu Hong as chairman and general manager. Wu Hong is the spouse of Hong Weidong and does not directly or indirectly hold company shares. Her term runs from the date of board approval until the end of the fourth board's term. The shares held by Hong Weidong will be handled in accordance with laws and regulations. The company stated that the number of board members has not fallen below the minimum required by the Company Law, and that the board and senior management are performing their duties normally, with operations remaining normal. In the first half of 2026, the company achieved operating revenue of 1.291 billion yuan, down 8.75 percent year on year. Net profit attributable to shareholders of the listed company was 309 million yuan, up 40.34 percent year on year. Net profit excluding non-recurring items was 195 million yuan, down 9.51 percent year on year. During the reporting period, the overall gross margin was 33.44 percent and the net margin was 17.83 percent. Revenue from banking IT products and solutions was 1.126 billion yuan, accounting for 87.20 percent of the total.