Yaxia Co., Ltd. announced that on August 12, 2025, the 15th meeting of the sixth board of directors of the company passed a bill. The wholly-owned subsidiary Chongqing Yaxia Decoration plans to absorb and merge the wholly-owned subsidiary Chongqing Xuange Construction. Recently, Chongqing Yaxia Decoration has inherited Chongqing Xuange Construction's first-class qualification for professional contracting of building decoration projects and has obtained a qualification certificate issued by the Chongqing Municipal Housing and Construction Commission, which is valid until November 28, 2026. Other matters relating to this merger are still being processed, and the final completion status and timing are uncertain.

Yaxia Co., Ltd. announced that on August 12, 2025, the 15th meeting of the sixth board of directors of the company passed a bill. The wholly-owned subsidiary Chongqing Yaxia Decoration plans to absorb and merge the wholly-owned subsidiary Chongqing Xuange Construction. Recently, Chongqing Yaxia Decoration has inherited Chongqing Xuange Construction's first-class qualification for professional contracting of building decoration projects and has obtained a qualification certificate issued by the Chongqing Municipal Housing and Construction Commission, which is valid until November 28, 2026. Other matters relating to this merger are still being processed, and the final completion status and timing are uncertain.