ASIA CUANON(SH:603378) Shang Hai Zheng Quan Bao·2025-12-02 19:19Core Viewpoint - The announcement details the judicial freezing of shares held by the controlling shareholder and actual controller of Asia Creative Technology (Shanghai) Co., Ltd., indicating significant financial difficulties faced by the company and its major stakeholders [2][3]. Group 1: Shareholder Information - The controlling shareholder, Shanghai Chuangnengming Investment Co., Ltd. (Chuangnengming), and actual controller Li Jinzong hold 78,655,500 shares and 20,295,000 shares respectively, accounting for 18.35% and 4.74% of the total share capital [2]. - The total shares held by Chuangnengming, Li Jinzong, and their concerted actions amount to 228,068,266 shares, with 200,942,775 shares frozen, representing 88.11% of their holdings and 46.88% of the total share capital [2]. Group 2: Judicial Freezing Details - The company received a notification regarding the judicial freezing of shares held by Chuangnengming and Li Jinzong due to financial difficulties, with 98,950,500 shares being frozen by the Shanghai Qingpu District People's Court [3]. - The freezing of shares is a result of a financial dispute where Li has applied for property preservation due to the inability to fulfill certain financial obligations [3]. Group 3: Impact on Company Operations - There has been no downgrade in the credit ratings of the controlling shareholder and its concerted actions in the past year, aside from the mentioned debt dispute [4]. - The controlling shareholder and its concerted actions do not engage in non-operating fund occupation or illegal guarantees that would harm the interests of the listed company [5]. - As of the announcement date, the share freezing will not lead to a change in control of the company and is not expected to significantly impact the company's operations or governance [6].