SHSTC(SH:600620) Zheng Quan Zhi Xing·2025-07-08 16:08Core Viewpoint - The announcement details the freezing of certain bank accounts of Shanghai Tianchen Co., Ltd.'s wholly-owned subsidiary, Tianchen Health Management Co., Ltd., due to a civil contract dispute with Shanghai Rongheng Intelligent Technology Co., Ltd. [1][2] Summary by Sections 1. Basic Situation of Frozen Funds - Tianchen Health discovered that several of its bank accounts had been frozen, with a total amount of 4,901,371.36 yuan across different banks [1] - The breakdown of frozen amounts includes: - Shanghai Bank Jing'an Branch: 74,970.37 yuan - Shanghai Bank Xuhui Branch: 313,384.22 yuan - Agricultural Bank of China: 2,517,884.74 yuan - Bank of Communications: 1,995,132.03 yuan [1] 2. Reason for Frozen Funds - The freezing of accounts is due to a civil contract dispute related to the water supply connection for the Chengdong land project, initiated by Rongheng Intelligent against Tianchen Health and the company [2] - As of the announcement date, Tianchen Health has not received the formal legal document regarding the account freeze [2] 3. Impact and Response Measures - The frozen funds represent 0.32% of Tianchen Health's total assets and 1.93% of the company's most recent audited cash and cash equivalents [2] - The company asserts that the relatively small amount will not materially affect its daily operations [2] - The company plans to assert its legal rights, take relevant legal actions, and actively communicate with the court to resolve the issue promptly [2]