Jinzhou Port shares frozen amid shareholder legal issues

Jinzhou Port Co., Ltd. (SSE:600190) announced that shares held by two major shareholders, Xizang Haihan Transportation Development Co., Ltd. and Xizang Tiansheng Transportation Development Investment Co., Ltd., have been subject to queuing freeze and judicial actions. Approximately 69.85% of Xizang Haihan's holdings, totaling 199,555,500 shares (9.97% of total shares), are now under queue freezing. Additionally, 0.00034% of Xizang Tiansheng shares were judicially frozen, and 99.99% shares were marked judicially. These actions are linked to court enforcement orders from the Dalian Intermediate People's Court. The company asserts the operational impact will be limited, and these actions are related to previous regulatory investigations for suspected information disclosure violations by the shareholders. Jinzhou Port assures investors it will continue to monitor the situation and comply with disclosure requirements.