ST Longyuan announced that Lai Zhaohui, a family member of the controlling shareholder of the company, holds 109 million shares, accounting for 7.10% of the total share capital, and has pledged 109 million shares, accounting for 99.94% of its shareholding ratio. On July 15, its 109 million shares were suspended by the People's Court of Xiangshan County of Zhejiang Province pending judicial suspension, involving approximately RMB 45.1726 million in principal and interest of the debt. As of the disclosure date of the announcement, the controlling shareholder family had pledged 362 million shares, accounting for 99.78% of its shareholding ratio and 23.69% of the total share capital; a total of 658 million shares were judicially frozen, accounting for 94.37% of its shareholding ratio and 22.40% of the total share capital. This freeze did not affect the company's control rights, etc., but subsequent judicial processing or the stability of control rights was affected.

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