NBSS(SH:600884) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-09-19 00:24Core Viewpoint - Ningbo Shanshan Co., Ltd. announced the lifting of the provisional freeze on part of the shares held by its controlling shareholder, Shanshan Group, which had previously been subject to judicial restrictions [1][2]. Group 1: Shareholder Information - Shanshan Group had 574,024,072 shares frozen, of which 287,012,036 shares have now been released from the freeze, leaving a total of 945,885,350 shares still under provisional freeze, accounting for 295.32% of Shanshan Group's total holdings and 42.05% of the company's total share capital [1]. - After the lifting of the freeze, Shanshan Group and its wholly-owned subsidiary, Ningbo Pengze Trading Co., Ltd., hold a combined total of 525,561,456 shares, representing 23.36% of the company's total share capital [2]. Group 2: Bankruptcy Reorganization - On March 20, 2025, the Ningbo Intermediate People's Court ruled that Shanshan Group and Pengze Trading would undergo substantive merger reorganization, with a deadline for submitting the reorganization plan extended to December 20, 2025, due to the complexity of the assets and creditor demands [4][5]. - The court's decision to extend the deadline was made to allow for further negotiation and research on the reorganization plan, as the management team indicated that the initial six-month period was insufficient [5]. Group 3: Company Operations - The company maintains that there are no non-operational fund occupations or violations that harm the interests of the listed company, and it operates independently in terms of assets, business, and finance [6]. - Current operations remain normal, and the recent developments have not significantly impacted the company's daily operations [6].