Xinhu Zhongbao shareholder faces partial share freeze

Xinhu Zhongbao (SSE:600208) announced that Zhejiang Xinhu Group Co., Ltd., a shareholder holding more than 5% of the company, had 28,410,000 shares frozen, representing 49.95% of Xinhu Group's holdings and 3.34% of Xinhu Zhongbao's total share capital. This brings the total number of frozen and judicially marked shares held by Xinhu Group and its concerted parties to 66,726,000, accounting for 27.50% of their total holdings and 7.84% of the company's total share capital. According to the announcement, the freeze was initiated by the Shanghai Financial Court and is related to a preservation action (Shanghai Financial Court (2025) Hu 74 Zhi Bao 271). As of the announcement date, Xinhu Group has not received the legal documents pertaining to the share freeze, with the information obtained from China Securities Depository and Clearing Corporation Limited Shanghai Branch. Xinhu Zhongbao asserts that the share freeze will not impact the company's actual control or daily operations.