员工持股计划严重亏损触发“兜底”责任，亚士创能控股股东及实控人全部持股再遭轮候冻结

Core Viewpoint - The announcement reveals that the controlling shareholder and actual controller of Yashi Chuangneng have had all their shares frozen due to financial difficulties stemming from significant losses in employee stock ownership plans [1][2]. Group 1: Shareholder and Stock Information - Yashi Chuangneng's controlling shareholder, Shanghai Chuangnengming Investment Co., holds 78.66 million shares, accounting for 18.35% of the total share capital, while the actual controller, Li Jinchong, holds 20.30 million shares, accounting for 4.74% [1]. - Both shareholders' shares have been fully frozen, marking a recurrence of share freezes since October 2025, when a total of 98.95 million shares were previously frozen [1]. Group 2: Employee Stock Ownership Plans - The freezing of shares is primarily due to the severe losses from two employee stock ownership plans, which led to financial difficulties for the shareholders after they assumed part of the liability for the plan holders [2]. - The first employee stock ownership plan was launched in August 2020, holding 1.1571 million shares at an average price of approximately 47.25 yuan per share, while the second plan was launched in 2021, holding 1.7525 million shares at an average price of about 53.354 yuan per share [2]. - Both plans had their durations extended due to declining stock prices, with the first plan now set to expire on October 15, 2024, and the second on June 15, 2025 [3]. Group 3: Company Performance - Yashi Chuangneng has faced declining performance, with projected revenues of 2.052 billion yuan in 2024, a year-on-year decrease of 34.01%, and a net loss of 329 million yuan [4]. - For the first three quarters of 2025, the company reported revenues of approximately 397 million yuan, down 76.97% year-on-year, with a net loss of 311 million yuan [4]. - The company has also faced multiple legal issues, with over 20 lawsuits and arbitration cases related to various disputes, contributing to its financial strain [5].