Beingmate's controlling shareholder faces asset execution risk

Beingmate Co., Ltd. (SZSE:002570) announced that its controlling shareholder, Beingmate Group, has received execution notices from the Hangzhou Intermediate People's Court, pertaining to an arbitration award by the Hong Kong International Arbitration Centre. The execution targets RMB 197,624,087.83 plus interest and enforcement costs of RMB 265,024.09. The court has ordered the seizure, freezing, and potential sale of assets.