LIANLIAN Announces Release of Judicial Freeze on 73.716 Million Non-Listed Shares Held by Controlling Shareholder

Stock News03-03

LIANLIAN (02598) has issued an announcement stating that the company recently learned that a judicial freeze on 73.716 million non-listed shares, held by one of its controlling shareholders, Mr. Lü Zhonglin, has been lifted. These shares represent approximately 6.56% of the company's total issued share capital. A judicial freeze on an additional 18.6006 million non-listed shares held by Mr. Lü, representing about 1.65% of the total issued shares, remains in effect. As of the date of this announcement, Mr. Lü directly holds 92.3166 million non-listed shares, constituting approximately 8.21% of the total issued share capital. According to the acting-in-concert agreement disclosed in the company's prospectus dated March 20, 2024, Mr. Lü is a controlling shareholder of the company. As of the announcement date, Mr. Zhang Zhengyu, Hangzhou Chuanglian Zhixin Investment Partnership (Limited Partnership), Mr. Lü Zhonglin, and Ms. Xiao Seqiu collectively hold interests in approximately 35.12% of the company's total issued shares and continue to constitute a group of controlling shareholders.

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