Core Viewpoint - Guangdong Tianan New Materials Co., Ltd. announced that its subsidiary, Foshan Shiwai Yingpai Ceramics Co., Ltd., has had part of its bank account funds frozen due to a dispute with Jiangsu Zhongjing Cheng Home Co., Ltd. regarding a brokerage fee payment under a contract [1][2]. Summary by Sections 1. Basic Situation of Frozen Funds - The bank account of the subsidiary has had part of its funds frozen, with the amount being 19,012,650.96 yuan [2]. 2. Reason for Frozen Funds - The freezing of funds is related to an arbitration request made by Jiangsu Zhongjing Cheng Home Co., Ltd. concerning a contract dispute, with the subsidiary being named as the respondent [1][2]. 3. Impact on the Company - The frozen amount represents 2.50% of the company's latest audited net assets attributable to shareholders and 6.75% of the latest audited cash funds. Other funds in the account remain available for normal operations, and there are no restrictions on other bank accounts [2]. - The company asserts that the freezing of funds has not materially affected its normal operations or management, and the impact on current and future profits remains uncertain pending the outcome of the arbitration [2]. 4. Other Information - The freezing of funds is a procedural measure in the arbitration process and does not reflect a judgment on the substantive rights and obligations of the parties involved. The company will actively pursue legal proceedings to protect its rights [3].
广东天安新材料股份有限公司 关于控股子公司银行账户部分资金被冻结的公告