TOND(SZ:002360) Shang Hai Zheng Quan Bao·2025-12-19 19:44Group 1 - The company has disclosed that its wholly-owned subsidiary, Xinzhou Tongde Explosive Equipment Co., Ltd. (Tongde Explosive), has had its 100% equity frozen by the Shanghai Pudong New Area People's Court due to a financing lease contract dispute with Changjiang United Financial Leasing Co., Ltd. [1][2] - The freezing period for the equity is from September 18, 2025, to September 17, 2028, as per the court's order [2]. - The company asserts that the operations of both itself and Tongde Explosive are currently proceeding normally, and the frozen equity has not impacted the use of related assets [3]. Group 2 - The company is actively communicating with Changjiang Leasing and is seeking to resolve the equity dispute through legal channels to protect the rights of the listed company and its shareholders [3]. - The company will continue to monitor the situation closely and will fulfill its information disclosure obligations in accordance with relevant laws and regulations [3].