According to the announcement of Putian Technology, the company recently made an inquiry and learned that some funds in the basic deposit account were frozen. The frozen amount was 7.585 million yuan, accounting for 0.20% of the company's most recent audited net assets and 0.38% of the total audited monetary funds. The reason for this freeze was a contract dispute. As of the date of disclosure of the announcement, the company had not received relevant court civil rulings or other legal documents. The remaining unfrozen funds in this account can still be used normally. Other accounts and funds are unaffected, will not have a substantial impact on the company's capital turnover and daily production and operation, and will not touch on the relevant delisting risk warning situation. The company will take legal measures to protect rights and interests, and actively communicate to resolve this matter as soon as possible.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.