广州珠江发展集团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进展公告

Core Viewpoint - The announcement details the freezing and subsequent unfreezing of bank accounts belonging to Guangzhou Zhujiang Development Group Co., Ltd.'s subsidiaries, indicating a legal dispute that has not materially affected the operations of the companies involved [1][2]. Group 1: Bank Account Status - The bank account of the subsidiary Guangzhou Zhujiang Sports Culture Development Co., Ltd. had previously frozen funds of 620,000 yuan, which have now been released [1]. - A similar amount of 620,000 yuan in the account of another subsidiary, Jining Zhujiang Sports Culture Development Co., Ltd., has been frozen due to a court-ordered property preservation related to a liability dispute [1]. Group 2: Financial Impact - The frozen amount of 620,000 yuan represents 0.13% of the company's most recent audited net assets and 0.12% of its most recent audited cash and cash equivalents [1]. - The freezing of the accounts has not caused any substantial impact on the normal operations and management of Jining Zhujiang [2]. Group 3: Legal Context - The freezing of the accounts is a result of a property preservation request made by the applicant to the Rencheng District People's Court in Jining, which is related to an infringement liability dispute involving the subsidiaries [1].