Core Viewpoint - Guangjun Group Holdings (08516) announced that the Securities and Futures Commission (SFC) has applied for a temporary asset freeze in relation to a case involving alleged manipulation of the company's shares through organized social media activities [1] Group 1: Legal Proceedings - The SFC has initiated legal proceedings against 16 defendants, including the alleged mastermind, for manipulating the company's shares between June 2021 and June 2022 [1] - The asset freeze application is part of the legal proceedings, aimed at preventing the 16 defendants from disposing of their assets in Hong Kong [1] - The current board of directors of the company is not a defendant in the aforementioned legal proceedings [1] Group 2: Impact on Operations - As of the date of the announcement, the legal proceedings have not adversely affected the company's operations or those of its subsidiaries [1]