Huatu Shanding Controlling Shareholder's 9.954 Million Shares Subject to Judicial Re-freezing, Accounting for 5.06% of Total Share Capital

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Huatu Shanding Design Co., Ltd. (Stock code: 300492, Stock abbreviation: Huatu Shanding) announced on March 16 that some shares held by the company’s controlling shareholder, Tianjin Huatu Hongyang Enterprise Management Co., Ltd. (hereinafter referred to as “Tianjin Huatu Enterprise Management”), have been re-frozen by judicial authorities, involving a total of 9,954,556 shares, accounting for 5.06% of the company’s total share capital.

The announcement shows that the freezing was executed by the Beijing Second Intermediate People’s Court, with start and end dates both from March 12, 2026, to March 11, 2029. The reason for the freezing is judicial re-freezing. The specific freezing details are as follows:

Note: The total of 9,954,556 shares re-frozen are all pledged shares.

As of the disclosure date of the announcement, Tianjin Huatu Enterprise Management held 100,307,340 shares of the company, accounting for 51.00% of the total share capital. The total frozen shares amount to 13,478,064, representing 13.44% of its holdings and 6.85% of the company’s total share capital.

The company stated that the re-freezing of shares is due to a pledge dispute between the controlling shareholder, Tianjin Huatu Enterprise Management, and its shareholders Beijing Jianyue Equity Investment Fund (Limited Partnership) and Jiaxing Lifeng Equity Investment Partnership (Limited Partnership), which led to litigation filed with the court. As of now, neither the company nor the controlling shareholder has received any legal documents, notices, or other information regarding the re-freezing.

The announcement also points out that this judicial re-freezing will not lead to a change in the company’s control, nor will it have a substantial impact on the company’s production, operation, or governance, and it does not involve performance compensation obligations.

It is worth noting that as of the disclosure date, Tianjin Huatu Enterprise Management has pledged a total of 69,917,006 shares, accounting for 69.70% of its holdings and 35.55% of the company’s total share capital. The company warns that if the shares already under judicial freeze are forcibly executed by the court in the future, it may trigger a passive reduction of Tianjin Huatu Enterprise Management’s holdings in the listed company. Investors are advised to be cautious of investment risks. The company will continue to monitor the progress of the above matters and disclose relevant information in a timely manner as required.

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