Huazhi Digital Media announced that 44.3013 million company shares held by Wu Hongliang, a shareholder holding 5% or more of the company's shares, were judicially frozen again, accounting for 100% of its shares and 9.84% of the company's total share capital. The freeze began on October 27, 2026, and the expiration date was October 26, 2029. The applicant for the freeze was Beijing No. 2 Intermediate People's Court. As of the date of disclosure of the announcement, Wu Hongliang's total number of frozen shares was 44.3013 million, accounting for 100% of his shares and 9.84% of the company's total share capital. This freeze was triggered by Wu Hongliang's personal debt dispute. It will not cause changes in the company's controlling shareholders and actual controllers, and will not have a significant impact on the company's production, operation, or corporate governance. There is a risk of subsequent judicial disposal of related shares.

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