Focused Photonics Hangzhou's controlling shareholder faces extensive share freeze

Zhejiang Ruiyang Technology Co., Ltd. (Ruiyang Technology), the controlling shareholder of Focused Photonics Hangzhou, has had a portion of its shares successively frozen. As of September 18, 2025, Ruiyang Technology holds 56,311,233 shares, representing 12.55% of the company's total share capital. A cumulative total of 46,350,733 shares, or 82.31% of its holdings, are frozen, accounting for 10.33% of the company's total share capital.

Additionally, 17,040,103 of Ruiyang Technology's shares are subject to successive freezing, representing 30.26% of its holdings and 3.80% of the company's total share capital. The latest successive freeze involves 9,960,500 shares, initiated by the Kunming Intermediate People's Court in Yunnan Province, effective from September 18, 2025, for a period of 36 months.

This extensive freeze, particularly with 82.31% of Ruiyang Technology’s shares currently frozen, could lead to involuntary reductions in holdings if court-mandated disposals occur. Such actions may destabilize or alter the actual control of Focused Photonics Hangzhou by Ruiyang Technology and Mr. Wang Jian. The company has stated it will closely monitor these developments and ensure timely information disclosure.