Beijing Oriental Jicheng major shareholder's entire stake frozen over dispute

Beijing Oriental Jicheng Integrated Technology Co., Ltd. (002819) announced that 39,565,238 shares, representing the entire 13.21% stake held by major shareholder Wanli Jincheng Venture Capital Co., Ltd., have been judicially frozen. The freezing, initiated on September 29, 2025, is effective until September 28, 2028, by the Beijing No. 1 Intermediate People's Court. This action stems from Wanli Jincheng's failure to fulfill performance compensation obligations related to a major asset restructuring.

The frozen shares constitute 100% of Wanli Jincheng's total holding, making its entire stake frozen. While the company has applied for property preservation with the Beijing No. 1 Intermediate People's Court, a formal ruling is still pending.

Beijing Oriental Jicheng has initiated arbitration proceedings against Wanli Jincheng for failing to meet its performance commitments, with the arbitration currently in its second hearing. The company states that Wanli Jincheng is not its controlling shareholder or actual controller, and the share freeze will not alter company control or negatively impact ongoing operations and governance. Investors are advised to monitor further announcements regarding this matter.