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According to Yongyue Technology's announcement, 586.595 million company shares held by Jiangsu Huaying, the controlling shareholder of the company, were pending freezing by the Zhuhai Intermediate People's Court of Guangdong Province, accounting for 100% of its shareholding ratio and 16.32% of the company's total share capital. The start date of the freeze was September 24, 2026. As of the announcement disclosure date, Jiangsu Huaying held 586.595 million shares of the company, accounting for 16.32% of the total share capital; pledged a total of 53.5 million shares, accounting for 91.20% of its shares; a total of 29.1595 million shares were frozen, accounting for 49.71% of its total share capital; and a total of 146 million shares were pending and frozen, accounting for 249.71% of its total share capital. The current waiting freeze was triggered by a private loan dispute between the controlling shareholder. Currently, the company's production and operation are normal.
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According to Yongyue Technology's announcement, 586.595 million company shares held by Jiangsu Huaying, the controlling shareholder of the company, were pending freezing by the Zhuhai Intermediate People's Court of Guangdong Province, accounting for 100% of its shareholding ratio and 16.32% of the company's total share capital. The start date of the freeze was September 24, 2026. As of the announcement disclosure date, Jiangsu Huaying held 586.595 million shares of the company, accounting for 16.32% of the total share capital; pledged a total of 53.5 million shares, accounting for 91.20% of its shares; a total of 29.1595 million shares were frozen, accounting for 49.71% of its total share capital; and a total of 146 million shares were pending and frozen, accounting for 249.71% of its total share capital. The current waiting freeze was triggered by a private loan dispute between the controlling shareholder. Currently, the company's production and operation are normal.
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