Focused Photonics Hangzhou's controlling shareholder faces further share freeze

Focused Photonics Hangzhou announced that 36,928 shares held by its controlling shareholder, Zhejiang Ruiyang Technology Co., Ltd. ("Ruiyang Technology"), have been judicially frozen. This represents 0.07% of Ruiyang Technology's total shares and 0.01% of the company's total share capital. The freezing, initiated by the Binjiang District People's Court of Hangzhou, is due to Ruiyang Technology's failure to pay amounts related to an overdue financing and securities lending contract with CITIC Securities.

As of October 20, 2025, Ruiyang Technology, along with its consistent actor Zhejiang Pudu Technology Co., Ltd. and Mr. Yao Naxin, holds a total of 108,302,833 shares, representing 24.14% of Focused Photonics Hangzhou's total share capital. The cumulative frozen shares for Ruiyang Technology amount to 46,387,661 shares, which is 82.38% of its total holdings and 10.34% of the company's total share capital.

The company stated that this freezing will not result in a change of control or impact its normal business operations. Focused Photonics Hangzhou previously disclosed on July 17, 2025, that a portion of Ruiyang Technology's shares faced a forced liquidation risk due to a financing and securities lending contract default, with a projected reduction in holdings not exceeding 1% of the company's total shares, or a maximum of 30 million yuan.