Huasheng Tianlong's controlling shareholder faces judicial freeze over dispute

Jiangsu Huasheng Tianlong Photoelectric Co., Ltd. announced today that its controlling shareholder, Dayou Holdings Co., Ltd., has had its entire stake in the company, totaling 25,598,494 shares, judicially frozen. This action stems from a commercial dispute between Dayou Holdings and China Orient Asset Management Co., Ltd., as ordered by the Hangzhou Intermediate People's Court. The freeze period is set from June 26, 2025, to June 25, 2028.

The frozen shares represent 100% of Dayou Holdings' total shareholding and 12.77% of the company's total share capital. Dayou Holdings has confirmed the freeze and stated its intention to resolve the dispute and maintain stability in the company's control.

The company noted that while the matter temporarily does not affect its production, operation, or corporate governance, a forced execution of the frozen shares by the court could potentially lead to a change in control, introducing significant uncertainty. Investors are advised to monitor further announcements.