Tecon Biology shareholder assets frozen by court order

Tecon Biology (SZSE:002100) announced that 68,754,835 shares, representing 5.04% of the company's total share capital and 100% of Beijing Rongyuan Baotong Asset Management's holdings, have been frozen by the Chaoyang District People's Court of Beijing, commencing on April 7, 2025, and expiring on April 8, 2028. Beijing Rongyuan Baotong is a shareholder holding more than 5% of the company's shares but is neither a controlling shareholder nor an acting-in-concert party. Tecon Biology stated that the share freeze is not expected to impact the company's governance structure or daily operations. The company is seeking further legal documentation regarding the freeze and will continue to disclose updates as required by regulations.