Bringspring Science & Technology bank account funds frozen amid dispute

Bringspring Science & Technology (stock code: 300290) disclosed on December 5, 2025, that RMB1,152,992.00 in one of its bank accounts has been frozen. The freeze resulted from a lawsuit filed by the Zhanjiang Center for Disease Control and Prevention against Bringspring Science & Technology over a sales contract dispute. The plaintiff requested property preservation measures from the Zhanjiang Chikan District People's Court, leading to the freeze. As of the announcement date, the company had not yet received formal legal documents or notifications from the court regarding the freeze.

The frozen amount represents 0.14% of the company's latest audited net assets and 0.53% of its latest audited monetary funds. Bringspring Science & Technology stated that other funds in the account remain accessible, and the affected account is not a raised capital account. The company believes the incident will not significantly impact its cash flow or daily operations.

Bringspring Science & Technology is actively investigating the matter and developing a solution to unfreeze the funds and protect its legal rights. The company expects the lawsuit and the freezing of funds will not substantially affect its daily operations.