San'an Optoelectronics: 29.47% of the total share capital held by San'an Electronics and San'an Group has been 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 frozen this time is 1.377 billion, accounting for 93.68% of their holdings and 27.60% of the company’s total share capital. As of the disclosure date of this announcement, the shares judicially frozen for San’an Electronics and San’an Group totaled 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, equity structure, etc., and current production and operations are normal. If not properly resolved in the future, there may be risks affecting the stability of control rights. San’an Group is actively communicating with creditors, and the government has intervened to coordinate and promote the resolution of debt issues.