Core Points - The largest shareholder of Zhonglu Co., Ltd. (SH600818) has had all of its shares frozen due to a repurchase dispute, affecting 22.6583 million shares, which represents 7.05% of the company's total equity [1] - As of September 18, 21.8094 million shares of Zhonglu Co., Ltd. held by the largest shareholder were under pledge, accounting for 96.25% of their current holdings [1] - A total of 19.8225 million shares have been frozen, representing 87.48% of the shares held by the largest shareholder, with an additional 2.8358 million shares marked, accounting for 12.52% [1] Company Situation - The board of directors of Zhonglu Co., Ltd. has indicated that the controlling shareholder and actual controller are currently in default on debts, and all bank accounts of the largest shareholder have been frozen, leading to significant uncertainty regarding their financial situation [1] - The potential judicial disposal of the controlling shareholder's shares may lead to a change in the actual control of the company [1] - The largest shareholder is actively negotiating with relevant parties to resolve the share freeze situation [1]

Core Viewpoint - Zhonglu Co., Ltd. (SH600818) disclosed that its largest shareholder, Zhonglu Group, has had all its shares frozen due to a repurchase dispute, with the freezing initiated by Suqian Urban Development Investment Co., Ltd. [1] Shareholding and Freezing Details - Zhonglu Group holds 22.6583 million shares of Zhonglu Co., accounting for 7.05% of the total share capital. As of September 18, 21.8094 million shares are pledged, representing 96.25% of its holdings and 6.78% of the total share capital [1]. - A total of 19.8225 million shares, or 87.48% of Zhonglu Group's holdings, have been frozen, while 2.8358 million shares, or 12.52%, have been marked [1]. Financial and Governance Implications - The board of Zhonglu Co. stated that the controlling shareholder and actual controller are currently in default on debts, and all bank accounts of Zhonglu Group have been frozen, leading to significant uncertainty regarding its financial situation [1]. - The freezing of shares has not significantly impacted the company's governance structure; however, if the shares are judicially disposed of, it may lead to a change in the actual control of the company [1]. - Zhonglu Group is actively negotiating with relevant parties to resolve the share freezing issue [1].