According to Fuhuang Steel's announcement, the controlling shareholder Fuhuang Construction holds 144,616,314 shares of the company, accounting for 33.2246% of the total share capital, and has all been pledged/judicially freezed/pending freezing. Recently, 26 million of its shares were suspended by the Chaohu Municipal People's Court, accounting for 17.98% of its shares and 5.97% of its total share capital. The freeze period is 36 months. Fuhuang Construction's stock was frozen due to pre-litigation preservation in the relevant case. Currently, it will not affect the company's operations and governance, nor will it lead to a change in control.

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