Bestore(SH:603719) Zheng Quan Zhi Xing·2025-07-17 14:15Core Viewpoint - The announcement details the freezing of 79,763,962 shares held by the controlling shareholder, Ningbo Hanyi, due to a lawsuit initiated by Guangzhou Light Industry Trade Group regarding a share transfer dispute [1][3]. Summary by Sections Overview of the Matter - Ningbo Hanyi, the controlling shareholder of the company, is seeking to resolve its debts by transferring part of its shares in the company through an agreement with Guangzhou Light Industry [1][3]. - A negotiation took place in May 2025, where an agreement was signed for Guangzhou Light Industry to conduct due diligence before potentially acquiring shares [2][3]. Details of the Share Freeze - The shares frozen represent 56.46% of Ningbo Hanyi's total holdings and 19.89% of the company's total share capital [4][5]. - As of the announcement date, Ningbo Hanyi holds a total of 141,287,094 shares, which is 35.23% of the company's total shares [4][5]. Impact of the Share Freeze - The freezing of shares and the ongoing lawsuit may introduce uncertainty regarding the control transfer of Ningbo Hanyi and the company [5][6]. - The company asserts that there are no non-operational fund occupations or illegal guarantees that would harm the interests of the listed company [5]. Business Operations - The company's business operations remain normal, and it will continue to focus on enhancing sustainable development and profitability to create greater value for shareholders [6]. Future Measures - Ningbo Hanyi plans to engage professional legal counsel to address the lawsuit and will actively communicate with Guangzhou Light Industry to seek a resolution [6].