The performance commitment of Yutong Optics' wholly-owned subsidiary did not meet expectations

Yutong Optics' wholly-owned subsidiary Yutong Jiuzhou failed to meet its performance commitments, triggering the performance compensation obligations of shareholders Gu Wenbin, Nie Xinwang, and Tan Huajiang. According to Yutong Optics' announcement, from 2022 to 2024, Yutong Jiuzhou promised performance of 30 million yuan, 37 million yuan, and 43 million yuan, respectively, but the actual performance was 14.573 million yuan, 23.638 million yuan, and 43.707 million yuan, respectively, with completion rates of 48.58%, 63.89%, and 101.64%, respectively. According to the compensation plan, the total amount of compensation to be paid by the counterparty is 25.6527 million yuan.