YHN Acquisition I amends Mingde deal; base consideration cut to $200M, earnout now share-price-based

YHN Acquisition I Ltd

Base consideration cut to $200M (20M shares at $10) + up to $80M earnout (8M shares) tied to share price.
Earnout milestones: share price ≥$15, $20, $25 for 60 consecutive trading days over 3 years post-closing.
Holdback shares cut to 1M (was ~1.63M); closing shares now 19M (was ~30.97M).
Amendment eliminates prior revenue-based earnout targets tied to FY2026 and FY2027 revenue milestones.
Largest shareholder Following Wind Limited holds 58%, receives 11.02M closing shares and 580K holdback.

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