Nearly 70% Of The Stake Held By The Controlling Shareholder Is Frozen.

On the night of August 2nd, Hongkong announced that the frozen shares accounted for 67.86% of the total share capital of the company's controlling shareholder.

According to the announcement, as a result of the dispute between the Zhongyuan Trust Company Limited and Lin Tianfu, the noble bird Investment Co., Ltd. and the contract of the loan of the noble bird group, 324 million 852 thousand and 300 shares of tradable shares and fruits of the company held by the Fujian bird group have been frozen by law and waiting for a freeze in the intermediate people's Court of Quanzhou, Fujian (of which 286 million 525 thousand and 300 shares are waiting for a freeze), and the freezing period is 2019. From August 1st to July 31, 2022.

As of the announcement date, the noble bird group holds 479 million 115 thousand shares of the "noble bird", which are all tradable shares with unlimited sale conditions, accounting for 76.22% of the total share capital of the company. After the shares were frozen and waiting for a freeze, the company's shares held by the company were frozen to 426 million 547 thousand and 300 shares, accounting for 67.86% of the total share capital of the company.

The precious birds said that some of the shares of the controlling shareholder and the waiting freeze were not harmful to the daily production and operation of the company. Due to the fact that the company's share price has already fallen below the closing ratio of the performance guarantee ratio set by the company (including its affiliated parties) and the relevant organizations, the shares held by the group of birds and birds still have the risk of being frozen by waiting. If the frozen shares of the company are dealt with judicature, it may lead to changes in the actual controller of the company.

At present, the controlling shareholder, noble bird group, is actively exploring the solution of equity risk with related parties.