San'an Optoelectronics: 29.47% of the total shares held by San'an Electronics and San'an Group are frozen.

San’an Optoelectronics announced that the company recently received notice from its indirect controlling shareholder, San’an Group, that the shares held by San’an Group and the controlling shareholder San’an Electronics have been placed under a waiting freeze.
The total number of shares under the waiting freeze is 1.38B, accounting for 93.68% of their holdings and 27.60% of the company’s total share capital.
As of the disclosure date, the total shares judicially frozen for San’an Electronics and San’an Group amount to 1.47 billion, representing 100% of their holdings and 29.47% of the company’s total share capital.
The company stated that the above matters will not have a significant impact on the company’s control rights or shareholding structure for the time being, and normal production and operations are ongoing.
If the issues are not properly resolved in the future, there may be risks affecting the stability of control.
San’an Group is actively communicating with creditors, and the government has intervened to coordinate and promote the resolution of the debt issues.