ASIA CUANON(SH:603378) Zheng Quan Zhi Xing·2025-05-23 08:11Core Viewpoint - The announcement details the judicial freezing of shares held by a significant shareholder of Asia Creative Technology (Shanghai) Co., Ltd, which may impact the company's governance and shareholder structure [1][5]. Group 1: Shareholder Information - The controlling shareholder, Shanghai Chuangnengming Investment Co., Ltd, and its concerted actors, including Zhao Xiaofang, hold a total of 232,354,125 shares, representing 54.21% of the company's total equity [2]. - Zhao Xiaofang specifically holds 22,517,775 shares, accounting for 5.25% of the total share capital, which has been fully frozen [2][3]. Group 2: Frozen Shares Details - The total number of shares frozen across all concerted actors amounts to 163,097,775 shares, which is 70.19% of their total holdings [2]. - The freezing of Zhao Xiaofang's shares is effective from May 21, 2025, to May 20, 2028, as per the court's decision [2]. Group 3: Legal Context - The freezing is related to a loan agreement with Hangzhou Yingjiang Enterprise Management Consulting Co., Ltd, indicating potential financial disputes [3]. - There have been no recent downgrades in credit ratings for the controlling shareholder or its concerted actors, aside from the mentioned debt disputes [3]. Group 4: Company Response - The company will closely monitor the situation regarding the frozen shares and will disclose any relevant updates in accordance with regulations [5].