{"url_path":"/sec/ymt/10-k/2026/item-15","section_key":"item-15","section_title":"Item 15 CONTROLS AND PROCEDURES","topic":"sec","document":{"doc_type":"20-F","doc_date":"2026-05-15","source_url":"https://www.sec.gov/Archives/edgar/data/1991605/0001213900-26-057895-index.html","accession_number":"0001213900-26-057895","cik":"0001991605","ticker":"YMT","issuer_name":"Yimutian Inc.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1991605/0001213900-26-057895-index.html","primary_entity_key":"0001991605","primary_entity_name":"Yimutian Inc."},"word_count":835,"has_tables":true,"body_markdown":"ITEM 15.CONTROLS AND PROCEDURES\n\nDisclosure Controls and\nProcedures\n\nAs required by Rule 13a-15b\nunder the Exchange Act, our management, under the supervision and with the participation of our chief executive officer and chief financial\nofficer, has performed an evaluation of the effectiveness of our disclosure controls and procedures (within the meaning of Rules 13a-15(e)\nand 15d-15(e) of the Exchange Act) as of the end of the period covered by this report.\n\nBased upon that evaluation,\nour management, with the participation of our chief executive officer and chief financial officer, has concluded that, due to the material\nweakness described below under “Internal Control over Financial Reporting,” as of December 31, 2025, our disclosure controls\nand procedures were not effective in ensuring that the information required to be disclosed by us in the reports that we file or submit\nunder the Exchange Act is recorded, processed, summarized and reported, within the time periods specified in the SEC’s rules and\nforms, and that the information required to be disclosed by us in the reports that we file or submit under the Exchange Act is accumulated\nand communicated to our management, including our chief executive officer and chief financial officer, as appropriate, to allow timely\ndecisions regarding required disclosure.\n\n147\n\nManagement’s Annual\nReport on Internal Control over Financial Reporting\n\nThis annual report does not\ninclude a report of management’s assessment regarding internal control over financial reporting or an attestation report by our\nindependent registered public accounting firm due to a transition period established by rules of the SEC for newly listed public companies.\n\nInternal Control over\nFinancial Reporting\n\nAs defined in the standards\nestablished by the Public Company Accounting Oversight Board of the United States, a “material weakness” is a deficiency,\nor a combination of deficiencies, in internal control over financial reporting such that there is a reasonable possibility that a material\nmisstatement of the company’s annual or interim financial statements will not be prevented or detected on a timely basis. We have\nidentified one material weakness in our internal control over financial reporting as of December 31, 2025. The material weakness that\nhas been identified relates to our lack of sufficient financial reporting and accounting personnel with appropriate knowledge of U.S.\nGAAP and SEC reporting requirements to properly address complex U.S. GAAP accounting issues and related disclosures.\n\nWe have been in the process\nof developing and implementing certain actions to remediate the material weakness that has been identified. We have taken, and are taking,\ncertain actions to remediate the material weakness related to our lack of U.S. GAAP and SEC reporting experience. We engaged a consultant\nwith U.S. GAAP knowledge and experience to supplement our current internal accounting personnel and assist us in the preparation of our\nfinancial statements to ensure that our financial statements are prepared in accordance with U.S. GAAP. We also engaged an internal control\nconsulting firm in 2024 to review, test and improve our internal accounting controls and internal control over financial reporting. We\nhave adopted and are implementing policies, procedures and practices recommended in the report of the consultant and have arranged training\nof internal control for our employees and management on disclosure controls and procedures. We continue to make efforts to implementing\nour existing and newly adopted procedures to improve our disclosure controls and internal controls over financing reporting.\n\nHowever, we cannot assure\nyou that all these measures will be sufficient to remediate our material weakness in time, or at all. Moreover, the process of designing\nand implementing an effective financial reporting system is a continual effort that requires us to anticipate and react to changes in\nour business and the economic and regulatory environments and to expend significant resources to maintain a financial reporting system\nthat is adequate to satisfy our reporting obligation. See “Item 3. Key Information—Risk Factors — Risks Related to\nOur Business and Industry — If we fail to implement and maintain an effective system of internal control over financial reporting,\nwe may be unable to accurately report our results of operations and prevent fraud, and investor confidence and the market price of our\nADSs may be materially and adversely affected.”\n\nAs a company with less than\nUS$1.235 billion in revenues for fiscal year of 2025, we qualify as an “emerging growth company” pursuant to the JOBS Act.\nAn emerging growth company may take advantage of specified reduced reporting and other requirements that are otherwise applicable generally\nto public companies. These provisions include exemption from the auditor attestation requirement under Section 404 of the Sarbanes-Oxley\nAct of 2002 in the assessment of the emerging growth company’s internal control over financial reporting.\n\nAttestation Report of\nthe Registered Public Accounting Firm\n\nSee “—Management’s\nAnnual Report on Internal Control over Financial Reporting.”\n\nChanges in Internal Control\nover Financial Reporting\n\nThere were no changes in\nour internal controls over financial reporting that occurred during the period covered by this annual report on Form 20-F that have materially\naffected, or are reasonably likely to materially affect, our internal control over financial reporting.\n\n148"}