Group 1 - The stock of Bolekang Vision Cloud-B (02592) has dropped over 8%, currently trading at HKD 3.36 with a transaction volume of HKD 13.58 million [1] - Bolekang Vision Cloud announced that its wholly-owned subsidiary in Guangzhou received a court notice from the Huangpu District People's Court in Guangzhou, which has implemented judicial preservation on the bank account held at the Industrial and Commercial Bank of China until November 30, with a cash balance of approximately RMB 2.55 million [1] - The company stated that the legal proceedings and asset preservation order have not significantly adversely affected its business, operations, or cash flow, and that operations remain normal [1] Group 2 - The company is seeking to negotiate with Cedar Wealth to explore potential settlement options [1] - On January 5, the company faced a significant unlocking of cornerstone shares, with approximately 17.72 million shares set to be released from lock-up [1] - The cornerstone investor, Fucai Holdings Limited, voluntarily extended its lock-up period by six months, from the original end date of January 2, 2026, to July 2, 2026 [1]

Core Viewpoint - The company is facing legal proceedings initiated by Cedar Wealth Management SPC, which has resulted in a court order for asset preservation affecting its bank account in China, with a cash balance of approximately RMB 2.55 million, until November 30, 2026 [1][2]. Group 1: Legal Proceedings - The court issued a notification on December 24, 2025, regarding the asset preservation order based on Cedar Wealth's arbitration application submitted on August 11, 2025 [1]. - Cedar Wealth claims that the company owes them approximately USD 2.05 million in unpaid service fees and other expenses, along with interest and legal fees totaling around RMB 1.04 million [2]. - The company has not received any invoices or requests for payment prior to the arbitration application, and is actively seeking more information from Cedar Wealth to understand the claims [2]. Group 2: Company Response - The board of directors is consulting legal advisors regarding the legal proceedings and arbitration, and is monitoring the potential legal, operational, and financial impacts on the company [2]. - As of the announcement date, the board believes that the legal proceedings and asset preservation order have not significantly adversely affected the company's overall business, operations, or cash flow [2]. - The company intends to negotiate with Cedar Wealth to explore possible settlement options to resolve misunderstandings and potentially terminate the legal proceedings and asset preservation order [3].

Core Viewpoint - Huati Technology announced that several bank accounts have been frozen due to a contractual dispute with Shanghai Zhongdian Electronic System Technology Co., Ltd, with a total frozen amount of 34.115 million yuan [1] Group 1: Financial Impact - The frozen accounts include a fundraising account at Industrial Bank Co., Ltd. Chengdu Branch with a frozen amount of 24.6469 million yuan and a basic account at China Minsheng Bank Chengdu Shuangliu Branch with a frozen amount of 9.4681 million yuan, totaling 34.115 million yuan [1] - The freezing of these accounts has not yet had a substantial impact on the company's main business operations [1]