Citic Guoan announces partial bank account freeze

Citic Guoan Information Industry Co., Ltd. (SZSE:000839) announced that several of its bank accounts have been partially frozen. The company disclosed that a total of 25 bank accounts have been affected, with a cumulative frozen balance of CNY3,323,000.00. The freeze is attributed to labor disputes. The company clarified that this amount represents 0.89% of the company's most recent audited monetary funds and 0.23% of its most recent audited net assets. Citic Guoan stated that the affected accounts are primarily departmental accounts and that its core business operations, conducted through subsidiaries, are not expected to be significantly impacted. The company is actively working to resolve the issue through negotiations, mediation, and potential legal action to protect the interests of the company and its investors.