Grandland Group shareholder's holdings frozen

Shenzhen Grandland Group announced that shares held by Grandland Holdings Group, a shareholder owning more than 5% of its stock, have been subjected to a round of freezing. A total of 338,201,524 shares, representing 9.02% of Grandland Group's total share capital and 44.17% of Grandland Holdings' stake, are affected, with the freeze lasting 36 months and expiring on 2025/7/2. The freeze was ordered by the Intermediate People's Court in Shenyang, Liaoning Province. As of the announcement, Grandland Holdings has 573,694,098 shares frozen, representing 15.29% of Grandland Group and 100% of their holdings. Grandland Holdings together with its acting in concert parties, have a total of 765,694,098 shares frozen, or 20.41% of shares.