OFFCN EDU(SZ:002607) Shang Hai Zheng Quan Bao·2025-10-16 21:15Core Viewpoint - The announcement details the judicial re-freezing and lifting of shares held by the controlling shareholder of Zhonggong Education Technology Co., Ltd., highlighting significant share pledges and freezes that may impact the company's control stability [1][2][3]. Group 1: Judicial Freezing of Shares - Recently, part of the shares held by the controlling shareholder, Li Yongxin, has been judicially re-frozen [3]. - As of the announcement date, a total of 690,927,945 shares have been pledged, accounting for 63.30% of the shares held by Li Yongxin and 11.20% of the company's total share capital [4]. - The cumulative number of shares that have been judicially frozen and marked is 893,195,473, representing 81.83% of the shares held by Li Yongxin and 14.48% of the company's total share capital [4]. Group 2: Financial Situation and Risks - The high percentage of pledged and frozen shares indicates a heavy debt burden and tight cash flow situation for the controlling shareholder and their concerted actors [5]. - If the controlling shareholder fails to repay debts using assets other than company shares, there is a risk of judicial disposal or enforcement actions that could affect the stability of the company's control [5]. - The controlling shareholder is aware of these risks and is actively working to mitigate the risks associated with share pledges and freezes [5]. Group 3: Company Operations and Governance - The recent judicial re-freezing of shares is not expected to have a significant impact on the company's production, operations, or governance [5]. - The company will continue to monitor the situation regarding the frozen shares and will fulfill its information disclosure obligations as required by laws and regulations [5][6].