Yimutian to buy China hotel, land using new shares

Yimutian Inc. (YMT) entered into two definitive agreements on August 20, 2026 through its wholly owned PRC subsidiary, Beijing Yimutian Network Technology Co., Ltd., to acquire control of real-estate and operating assets in China using equity rather than cash.

Rhea-AI Filing Summary

Yimutian Inc. (YMT) entered into two definitive agreements on August 20, 2026 through its wholly owned PRC subsidiary, Beijing Yimutian Network Technology Co., Ltd., to acquire control of real-estate and operating assets in China using equity rather than cash.

Under an Equity Purchase Agreement with Ning Zhang and Kuili Zhang, Yimutian will obtain control over 100% of Qingdao Xingongguan Holiday Hotel Co., Ltd. via variable interest entity (VIE) contracts. Qingdao Xingongguan owns commercial and office properties in Qingdao with an appraised value of approximately RMB116.2 million. The US$5,800,000 purchase price will be paid by issuing 9,963,353,184 Class A ordinary shares, priced using the five-day average Nasdaq Capital Market ADS price of US$0.2183 per ADS, with each ADS representing 375 Class A ordinary shares.

Under a separate Asset Purchase Agreement with Zhaodong Guohe Animal Husbandry Co., Ltd., Yimutian will acquire land, buildings and equipment in Heilongjiang Province with an appraised value of approximately RMB143.5 million, converted at the PBOC mid-rate of RMB6.7808 per US$1.00 into a purchase price of US$21,161,390, payable in 36,351,449,375 Class A ordinary shares. Both agreements include up to six-month asset cleanup periods, after which VIE agreements are expected to be executed and share certificates delivered, subject to specified conditions.

Filing Explained

Signed acquisitions remain subject to cleanup and other conditions: shares are to be issued within 30 business days, which would increase the share count and reduce existing holders’ ownership percentages, while certificates are withheld until conditions are met.

Key Figures

Appraised value of Qingdao Xingongguan properties: RMB116.2 million Purchase price for Qingdao Xingongguan: US$5,800,000 Shares issued for Qingdao Xingongguan: 9,963,353,184 Class A ordinary shares +5 more

8 metrics

Appraised value of Qingdao Xingongguan properties RMB116.2 million Commercial and office properties in Qingdao, Shandong Province, PRC

Purchase price for Qingdao Xingongguan US$5,800,000 Consideration payable in Class A ordinary shares under Equity Purchase Agreement

Shares issued for Qingdao Xingongguan 9,963,353,184 Class A ordinary shares Equity consideration to Sellers

ADS pricing basis US$0.2183 per ADS Average closing price for five trading days before August 20, 2026

ADS to ordinary share ratio 1 ADS = 375 Class A ordinary shares As of the date of the Equity Purchase Agreement

Appraised value of Zhaodong Guohe Target Assets RMB143.5 million Land, buildings and equipment in Zhaodong, Suihua, Heilongjiang Province, PRC

Purchase price for Zhaodong Guohe Target Assets US$21,161,390 Calculated using PBOC mid-rate of RMB6.7808 per US$1.00

Shares issued for Zhaodong Guohe Target Assets 36,351,449,375 Class A ordinary shares Equity consideration to Zhaodong Guohe

Key Terms

variable interest entity, asset cleanup period, PBOC mid-rate, indemnification provisions, +1 more

5 terms

variable interest entity regulatory

"through the execution of a series of variable interest entity (“VIE”) agreements"

A variable interest entity (VIE) is a company structure where one party controls another company’s operations and economic outcomes through contracts or special arrangements instead of owning a majority of its voting shares. For investors, VIEs matter because the controlling party’s financial results, debts and risks can appear in the controller’s reports even though ownership looks separate, so understanding VIEs helps assess true exposure, governance limits and transparency—like spotting a puppet controlled by strings rather than direct ownership.

asset cleanup period financial

"provides for an asset cleanup period of up to six months"

PBOC mid-rate financial

"determined by converting the RMB-denominated appraised value at the PBOC mid-rate"

indemnification provisions regulatory

"contains customary representations, warranties, covenants, and indemnification provisions"

Contract clauses that require one party to pay for losses, damages, or legal costs the other party suffers because of certain events or claims. They act like a contractual “safety net” or insurance: if a specified problem happens, the indemnifying party agrees to cover the financial harm. Investors care because these provisions shift potential liabilities and future cash outflows between parties, affecting a company’s risk profile and possible financial exposure.

China International Economic and Trade Arbitration Commission regulatory

"disputes subject to arbitration before the China International Economic and Trade Arbitration Commission"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What acquisitions did Yimutian Inc. (YMT) announce in the August 2026 Form 6-K?

Yimutian entered an Equity Purchase Agreement to gain control of Qingdao Xingongguan Holiday Hotel Co., Ltd. and an Asset Purchase Agreement to acquire land, buildings and equipment in Heilongjiang Province, both using newly issued Class A ordinary shares as consideration.

How many YMT Class A ordinary shares will be issued for the Qingdao Xingongguan acquisition?

Yimutian agreed to pay the US$5,800,000 purchase price for Qingdao Xingongguan by issuing 9,963,353,184 Class A ordinary shares, valued using an ADS price of US$0.2183, with each ADS representing 375 Class A ordinary shares.

What is the value of assets Yimutian Inc. (YMT) will acquire from Zhaodong Guohe?

The Target Assets acquired from Zhaodong Guohe have an appraised value of approximately RMB143.5 million, translated at the PBOC mid-rate of RMB6.7808 per US$1.00 into a purchase price of US$21,161,390, payable in Yimutian Class A ordinary shares.

How many YMT shares will be issued for the Zhaodong Guohe Target Assets?

For the Zhaodong Guohe transaction, Yimutian will issue 36,351,449,375 Class A ordinary shares as the purchase price of US$21,161,390, using the same ADS valuation basis of US$0.2183 per ADS as in the equity purchase deal.

What is the asset cleanup period in Yimutian Inc. (YMT)’s new agreements?

Both the Equity Purchase Agreement and Asset Purchase Agreement include an asset cleanup period of up to six months, during which sellers must resolve debts and encumbrances and complete required transfers before VIE agreements are executed and share certificates are delivered.

How will Yimutian Inc. (YMT) obtain control of Qingdao Xingongguan?

Yimutian and its subsidiary will obtain control of 100% of the equity interests in Qingdao Xingongguan through a series of variable interest entity (VIE) agreements, rather than through direct equity ownership, following completion of the asset cleanup period and other conditions.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 08/26/2026 - 04:02 PM EDT Accepted by SEC EDGAR 08/26/2026 - 04:01 PM EDT Learn about SEC filing dates

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 UNDER

THE SECURITIES EXCHANGE ACT OF 1934

For the month of August 2026

Commission File Number: 001-42760

Yimutian Inc.

(Registrant’s Name)

6/F, Building B-6, Block A Zhongguancun
Dongsheng Technology Campus No. 66
Xixiaokou Road
Haidian District, Beijing 100192
The People’s Republic of China

(Address of Principal Executive Offices)

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

Form 20-F ☒      Form 40-F ☐

Entry into Definitive Agreements

On August 20, 2026, Yimutian Inc., an exempted company incorporated in the Cayman Islands with limited liability (the “Company”), together with its wholly-owned subsidiary, Beijing Yimutian Network Technology Co., Ltd. (“Beijing Yimutian”), entered into two definitive agreements as described below.

Equity Purchase Agreement

On August 20, 2026, the Company and Beijing Yimutian entered into an Equity Purchase Agreement (the “Equity Purchase Agreement”) with Ning Zhang and Kuili Zhang (collectively, the “Sellers”), pursuant to which the Company and Beijing Yimutian agreed to acquire control over 100% of the equity interests in Qingdao Xingongguan Holiday Hotel Co., Ltd. (“Qingdao Xingongguan”) through the execution of a series of variable interest entity (“VIE”) agreements. Qingdao Xingongguan is a company incorporated in the People’s Republic of China (the “PRC”) that owns certain commercial and office properties located in Qingdao, Shandong Province, the PRC, with an appraised value of approximately RMB116.2 million.

The aggregate purchase price for the equity interests in Qingdao Xingongguan is US$5,800,000, payable by the Company through the issuance of 9,963,353,184 Class A ordinary shares of the Company to the Sellers. The issuance price was determined based on the average closing price of the Company’s ADSs on the Nasdaq Capital Market for the five trading days immediately preceding the date of the Equity Purchase Agreement, which was US$0.2183 per ADS. As of the date of the Equity Purchase Agreement, each ADS represents 375 Class A ordinary shares of the Company.

The Equity Purchase Agreement provides for an asset cleanup period of up to six months from the date of the agreement, during which the Sellers are required to resolve all debts, encumbrances, and third-party claims on the assets of Qingdao Xingongguan and ensure that the assets are in a condition suitable for the Company’s business operations. The consideration shares will be issued within 30 business days after signing but the relevant share certificate will not be delivered to the Sellers until the completion of the asset cleanup period and the satisfaction of certain conditions, including the execution of VIE agreements.

The Equity Purchase Agreement contains customary representations, warranties, covenants, and indemnification provisions. The Equity Purchase Agreement is governed by PRC law, with disputes subject to arbitration before the China International Economic and Trade Arbitration Commission in Beijing.

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Asset Purchase Agreement

On August 20, 2026, the Company and Beijing Yimutian entered into an Asset Purchase Agreement (the “Asset Purchase Agreement”) with Zhaodong Guohe Animal Husbandry Co., Ltd. (“Zhaodong Guohe”), pursuant to which the Company agreed to acquire certain land, buildings, and equipment assets (the “Target Assets”) with an aggregate appraised value of approximately RMB143.5 million. The Target Assets are located in Zhaodong, Suihua, Heilongjiang Province, the PRC.

The aggregate purchase price for the Target Assets is US$21,161,390, which was determined by converting the RMB-denominated appraised value at the PBOC mid-rate of RMB 6.7808 per US$1.00 on August 20, 2026. The purchase price is payable by the Company through the issuance of 36,351,449,375 Class A ordinary shares of the Company to Zhaodong Guohe. The issuance price was determined on the same basis as the Equity Purchase Agreement, at US$0.2183 per ADS.

The Asset Purchase Agreement provides for an asset cleanup period of up to six months, during which Zhaodong Guohe is required to resolve all debts and encumbrances on the Target Assets and complete the transfer of the Target Assets to a debt-free entity that will enter into VIE agreements with the Company and Beijing Yimutian.

The Asset Purchase Agreement contains customary representations, warranties, covenants, and indemnification provisions. The Asset Purchase Agreement is governed by PRC law, with disputes subject to arbitration before the China International Economic and Trade Arbitration Commission in Beijing.

The foregoing descriptions of the Equity Purchase Agreement and the Asset Purchase Agreement are qualified in their entirety by reference to the full text of the English translations of such agreements, which are filed as Exhibits 10.1 and 10.2 to this Report on Form 6-K, respectively, and are incorporated herein by reference.

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EXHIBIT INDEX

Exhibit No.		Description
10.1		English Translation of Equity Purchase Agreement, dated August 20, 2026, by and among Yimutian Inc., Beijing Yimutian Network Technology Co., Ltd., Ning Zhang, Kuili Zhang, and Qingdao Xingongguan Holiday Hotel Co., Ltd.
10.2		English Translation of Asset Purchase Agreement, dated August 20, 2026, by and between Yimutian Inc., Beijing Yimutian Network Technology Co., Ltd. and Zhaodong Guohe Animal Husbandry Co., Ltd.

3

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	Yimutian Inc.
	By	/s/ Shijie Chen
	Name :	Shijie Chen
	Title :	Director and Chief Financial Officer

Date: August 26, 2026

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Filing Exhibits & Attachments

2 documents

Agreements & Contracts

• EX-10.1 ENGLISH TRANSLATION OF EQUITY PURCHASE AGREEMENT, DATED AUGUST 20, 2026, BY AND 59.6 KB
• EX-10.2 ENGLISH TRANSLATION OF ASSET PURCHASE AGREEMENT, DATED AUGUST 20, 2026, BY AND B 57.2 KB