Bestlink Technologies (SH:603206) Shang Hai Zheng Quan Bao·2025-10-23 18:16Core Viewpoint - The announcement details that part of the fundraising account of Jiahuan Technology Co., Ltd. has been frozen due to a court ruling related to a contract dispute with Xuzhou China Railway Electric Co., Ltd. [1] Summary by Sections 1. Situation of Frozen Funds - The company has discovered that part of its fundraising account at CITIC Bank has been frozen, as per a civil ruling from the People's Court of Xuzhou Economic and Technological Development Zone [1]. 2. Reasons for the Freezing of Funds - The freezing of funds, amounting to 113,166.30 yuan, was requested by Xuzhou China Railway Electric Co., Ltd. due to a contract dispute, with the court issuing a ruling on October 23, 2025 [1][2]. 3. Impact on the Company - The total frozen amount, including 680,000.00 yuan from the company's basic account, is 793,166.30 yuan, which represents 0.04% of the company's audited net assets as of December 31, 2024, and 0.18% of the unaudited cash balance as of September 30, 2025 [2] - The freezing of these funds is not expected to have a significant adverse impact on the company's operations, and the remaining funds in the account can still be used normally [2]. - The case related to the frozen funds has not yet gone to trial, leading to uncertainty regarding its impact on the company's financial results [2]. 4. Other Information - The company will closely monitor the situation and engage with relevant parties to resolve the freezing issue, ensuring the normal progress of its fundraising projects [3].