{"url_path":"/sec/ymt/10-k/2026/item-16g","section_key":"item-16g","section_title":"Item 16G CORPORATE GOVERNANCE","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":290,"has_tables":true,"body_markdown":"ITEM 16G.CORPORATE GOVERNANCE\n\nAs a Cayman Islands exempted company listed on Nasdaq, we are subject\nto the Nasdaq Stock Market listing standards. However, Nasdaq rules permit a foreign private issuer like us to follow the corporate governance\npractices of its home country. Certain corporate governance practices in the Cayman Islands, which is our home country, may differ significantly\nfrom the Nasdaq listing standards. We currently intend to follow Cayman Islands corporate governance practices in lieu of the corporate\ngovernance requirements of Nasdaq that listed companies must have a majority of independent directors. Currently, two out of eight\nmembers of our board of directors are independent directors, which do not constitute a majority. To the extent that we choose to follow\nhome country practice in the future, our shareholders may be afforded less protection than they otherwise would enjoy under the Nasdaq\nlisting standards applicable to U.S. domestic issuers. See “Item 3. Key Information—D. Risk Factors—Risks Related\nto the ADSs—As an exempted company incorporated in the Cayman Islands, Yimutian Inc. is permitted to adopt certain home country\npractices in relation to corporate governance matters that differ significantly from the Nasdaq listing standards. These practices may\nafford less protection to shareholders than they would enjoy if we complied fully with the Nasdaq listing standards.”\n\nIn addition, as a “controlled\ncompany” as defined under the Nasdaq Stock Market Rules, we are permitted to elect to rely on certain exemptions from corporate\ngovernance rules. If we rely on these exemptions, you will not have the same protection afforded to shareholders of companies that are\nsubject to these corporate governance requirements. As a result, you do not have the same protection afforded to shareholders of companies\nthat are subject to these corporate governance requirements.\n\n150"}