East Group: Major shareholder's shares frozen after auction

East Group announced that 62.61 million shares held by Xinping Huimeng New Energy Technology Co. Ltd., a shareholder with over 5% stake, have been judicially frozen. This represents 36.2528% of Xinping Huimeng's total holdings and 2.7267% of East Group's total share capital, post-repurchase. The freeze commenced on September 24, 2025, and is set to expire on November 16, 2025, initiated by the Dongguan Intermediate People's Court of Guangdong Province.

This judicial freeze is a direct consequence of the recent auction of 62.61 million shares, as disclosed in an earlier announcement on September 9, 2025, where all shares were successfully bid for. The company noted that the auction process is still in the payment and transfer stages, indicating ongoing uncertainty regarding the final change of ownership.

As of the announcement date, the total number of East Group shares held by Xinping Huimeng and its concerted parties under judicial freeze is 62.61 million, amounting to 6.8252% of the company's total shares. The company will continue to monitor developments and fulfill its information disclosure obligations.