Shang Hai Zheng Quan Bao·2026-01-13 18:16Core Viewpoint - The announcement details that a significant portion of shares held by the major shareholder, Zhu Rongjuan, has been judicially frozen, which may impact the company's control and governance structure. Group 1: Shareholder's Judicial Freeze - Zhu Rongjuan's 17.84 million unrestricted circulating shares were judicially frozen on January 9, 2026, by the Nanning Qingxiu District People's Court in Guangxi Zhuang Autonomous Region [2][3] - As of the announcement date, Zhu Rongjuan's total shares of 21 million have been judicially marked, frozen, or subject to judicial freeze, representing 4.01% of the company's total share capital [2] Group 2: Debt and Legal Issues - Zhu Rongjuan and her associate, Peng Tao, have significant debt issues, with a total of 22,167,585 unrestricted circulating shares being subject to judicial auction due to legal disputes [2] - The recent year has seen a high proportion of shares frozen and multiple debt-related legal cases involving substantial amounts [5] Group 3: Company Operations and Governance - The company maintains independence from its major shareholder and associates in terms of assets, business, finance, personnel, and institutions, with no funds being occupied or guarantees provided [4] - The company asserts that the judicial freeze on shares will not significantly impact its control or normal operations, and it will continue to monitor the situation closely [5]