Zhuangyuan Pasture shareholder faces freezing of holdings

Lanzhou Zhuangyuan Pasture (SZSE:002910) announced that shares held by shareholder Ma Hongfu, representing 16.47% of the company's total share capital (32,197,400 shares), have been frozen by judicial order. The freeze stems from a debt dispute, with the case involving CNY 21,269,409 in debt and related expenses. Specifically, 32,188,000 of Ma Hongfu's shares were frozen with a follow on order. The remaining 9,400 were due to other court orders. The legal action does not involve the company itself, and Zhuangyuan Pasture asserts that this will not lead to a change in company control or significantly impact its operations. However, the company has assured investors that it will continue to monitor the situation and fulfill its disclosure obligations.