Shoukai shares: Bank accounts partially frozen

Beijing Capital Development (SSE:600376) announced that some of its bank accounts and those of its subsidiary, Dalian Zhongmei Real Estate, have been frozen. The freeze is related to pre-trial property preservation applications filed in two separate lawsuits. Beijing Changping No.1 Construction filed an application in the Changping District People's Court, leading to the freezing of CNY 82,356,698.17 in a company account. Additionally, Jiangsu Jiangdu Construction Group filed an application in the Liaoning Province Dalian Intermediate People's Court, resulting in a freeze of CNY 116,218,675.97 in Dalian Zhongmei Real Estate's account. Shoukai Shares emphasized that the combined frozen amount of CNY 198,575,374.14 is relatively small compared to the company's net assets and cash reserves, and is not expected to have a significant impact on business operations. The company intends to actively address the lawsuits.