HANHUA FIN (03903) announced that its board was informed by Longxin Holdings Co., Ltd. that on November 14, 2025, the Chongqing Fifth Intermediate People's Court issued a civil ruling (Case No. (2022) Yu 05 Po 76-32), approving the transfer of a total of 374 million company shares held by Longxin Holdings to the securities accounts of Chongqing International Trust Co., Ltd. (Chongqing International Trust), China Orient Asset Management Co., Ltd. (China Orient Asset), and Minmetals Trust Co., Ltd. - Minmetals Trust · Phoenix 18 HANHUA FIN Debt Settlement Trust Plan (Minmetals Trust).
As of November 20, 2025, Longxin Holdings held 432 million domestic shares of the company, accounting for approximately 9.40% of the total shares. Pursuant to the ruling, approximately 374 million domestic shares held by Longxin Holdings were transferred to the respective creditors on November 21, 2025, completing the settlement.
Following the transfer: - Minmetals Trust holds approximately 361 million domestic shares, representing about 7.84% of the total shares. - Chongqing International Trust holds 8.9596 million domestic shares, accounting for approximately 0.19%. - China Orient Asset holds 4.0067 million domestic shares, representing about 0.09%. - Longxin Holdings retains 58.5625 million domestic shares, equivalent to approximately 1.27% of the total shares.
