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Chang Aluminum Co., Ltd.: Controlling shareholder Qilu Financial Holdings' 6.5 million shares are judicially frozen

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Chang Aluminum Co., Ltd. announced that some of the shares held by its controlling shareholder, Qilu Caijin Investment Group Co., Ltd., have been judicially frozen. The number of shares frozen this time is 6.5 million shares, accounting for 2.1049% of the shares held by Qilu Caijin Investment Group Co., Ltd., and 0.6294% of the company’s total share capital. The freezing start date is May 26, 2026. The freezing is due to Qilu Caijin providing joint liability guarantee for a financial loan contract dispute involving its subsidiary, Shandong Zhongde New City Heating Co., Ltd., which has been brought to court by the Laiwu Branch of Bank of Communications. This round of frozen shares is the result of a legal dispute between Qilu Caijin itself and an external third party, which is unrelated to the company, and has not yet had a direct impact on the company’s day-to-day operations.
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