On the evening of January 8, 2020, Yihua Life Technology Co., Ltd. (hereinafter referred to as "Yihua Life") issued a Reminder Announcement on Major Issues, stating that as of January 8, 2021, Yihua Life’s stock closing price was 0.98 yuan per share, which was lower than 1 yuan.

Yihua Life stated in the announcement that the company is striving to stabilize and improve the fundamentals of the company’s operations. The company’s board of directors will pay close attention to the company’s current stock price trends and promptly perform its information disclosure obligations in accordance with relevant regulations.

According to Tianyan Cha, Yihua Life has been listed as an executor for 15 times in 2020, and the total amount of execution by the beginning of 2021 was about 32,855,200 yuan.

According to the announcement, according to the Shanghai Stock Exchange Stock Listing Rules, if the daily closing price of the company's stock is lower than RMB 1 for 20 consecutive trading days, the company's stock will be terminated from listing and be subject to mandatory trading delisting.

Prior to this, Yihua Life has issued 7 risk warnings that stocks may be terminated from listing. From December 15, 2020 to January 6, 2021, the closing price of Yihua Life’s stock has been lower than the face value of the stock (1 yuan) for 16 consecutive trading days.