Ruyi Group holds 52% shares of Zhejiang Yuanda Import and Export Company (now renamed Yuanda Property Group Co., Ltd.) with a registered capital of 80 million yuan. It is mainly engaged in the import and export business of goods stipulated by the state, engaged in technology import and export, barter trade and entrepot trade.
However, China Yuanda Group Co., Ltd. holds 37. 12% A shares of Ruyi Group, ranking first among the top ten tradable shareholders of Ruyi Group. In other words, Yuanda Property Group is not a listed company, and China Yuanda Group holds Ruyi Group (Shenzhen A000626), a listed joint-stock company.
Yuanda Products Group Co., Ltd. (formerly "Zhejiang Yuanda Import and Export Co., Ltd." (formerly Zhejiang Yuanda Trading Company)) was established in July 1994 and is a wholly-owned subsidiary of China Yuanda Group in Zhejiang with a registered capital of100000 yuan. At present, it has developed into a comprehensive enterprise group integrating trade, logistics and investment. 1In August, 1999, Zhejiang Yuanda Trading Company was restructured into Zhejiang Yuanda Import and Export Co., Ltd., and its registered capital was increased to 1 1.5 million yuan. China Yuanda Group holds 52% of the shares, and the company management team holds 48%. 1In September, 1999, China Yuanda Group Corporation signed an equity transfer agreement with Lianyungang Ruyi Group Co., Ltd., and Ruyi Group was transferred to hold 52% of the shares of the company and became the controlling shareholder of Zhejiang Yuanda.