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Zhang Xiaoquan (301055): Shareholder Zhang Xiaoquan Group Lifts Contingent Freeze on 6.67 Million Shares, Accounting for 4.41% of Total Share Capital
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On March 12, Zhang Xiaoquan Co., Ltd. (Stock Code: 301055, Stock Abbreviation: Zhang Xiaoquan) announced that the shares held by the company’s shareholder holding more than 5%, Hangzhou Zhang Xiaoquan Group Co., Ltd. (hereinafter referred to as “Zhang Xiaoquan Group”) have been released from lock-up restrictions. The total number of shares released is 66.7 million, accounting for 4.41% of its total share capital.
Details of the Share Lock-up Release
The announcement shows that the shares released by Zhang Xiaoquan Group are divided into two parts, with specific information as follows:
Note: “Proportion of total share capital after excluding repurchased shares” is calculated based on the company’s total share capital of 151,427,676 shares as of March 12, 2026, after excluding repurchased shares.
Accumulated Share Freezing and Lock-up Freeze Status
As of the disclosure date, the freezing status of Zhang Xiaoquan Group and its concerted parties’ shares is as follows:
Judicial Freezing and Judicial Marking
Lock-up Freeze
Reasons for Unlocking Lock-up Freeze and Subsequent Impact
The announcement states that the release of lock-up freeze this time is due to Fuchun Holding Group Co., Ltd. (hereinafter referred to as “Fuchun Holding”) and its related companies’ application for the release of property preservation measures by the People’s Court involved in the substantial reorganization and merger case, which the court accepted and approved the release of the relevant shares from lock-up.
It is understood that Fuchun Holding is an indirect controlling shareholder of Zhang Xiaoquan Group. Currently, Zhang Xiaoquan Group holds 44,043,709 shares of the company, accounting for 28.23% of the total share capital (29.09% after excluding repurchased shares). The announcement notes that the success of Fuchun Holding and its related companies’ reorganization remains uncertain, and subsequent reorganization implementation may lead to adjustments in the equity held by Zhang Xiaoquan Group in the listed company.
The company states that its production and operation are normal, and this matter will not affect the daily operations of the listed company. The company will closely monitor the progress of related matters, urge relevant parties to fulfill their information disclosure obligations in a timely manner, and effectively safeguard the legitimate rights and interests of the listed company and investors.
As of the date of this announcement, Zhang Xiaoquan has no controlling shareholder or actual controller.
Click to view the original announcement >>
Disclaimer: The market involves risks; investment should be cautious. This article is automatically published by an AI large model based on third-party databases and does not represent Sina Finance’s views. All information appearing in this article is for reference only and does not constitute personal investment advice. Please refer to the actual announcement for any discrepancies. If you have questions, please contact biz@staff.sina.com.cn.