Huajin International Holdings: 52 judicial freezes of equity occurred in its subsidiaries

Huajin International Holdings announced that the company voluntarily disclosed the judicial freezing of equity interests in certain mainland Chinese subsidiaries of the group. After a comprehensive review, a total of 52 judicial freezing records of equity interests have been identified within the group, involving eight target subsidiaries including Jiangmen Huajin Metal Products Co., Ltd., held by Huahui Holdings Limited. The freezes were all caused by external third-party creditors applying to the court for property preservation due to overdue unpaid amounts. All freezes apply only to equity interests held by lower-level mainland subsidiaries and do not involve the company's shares listed on the Stock Exchange of Hong Kong. The board believes that this matter currently does not constitute inside information, and the affected subsidiaries continue to operate normally.
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