Offcn shareholder's holdings judicially frozen again amid loan disputes

Offcn Education Technology has disclosed that shareholder Wang Zhendong's shares have been further judicially frozen. A total of 85.85m shares, representing 23.00% of his total holdings and 1.39% of the company's total share capital, were frozen, effective December 19, 2025, until December 18, 2028. This action was initiated by the Haidong City Intermediate People's Court in Qinghai Province due to loan disputes totaling 13,931.18万元.

As of the announcement date, Wang Zhendong holds 373.24m shares, with a cumulative total of 231.99m shares now frozen. This represents 62.16% of his total holdings and 3.76% of Offcn Education Technology's total share capital.

Offcn Education Technology will continue to monitor the progress of these share freezing matters and fulfill its information disclosure obligations. Investors are advised to exercise caution and refer to information published in the designated media.