China Tianrui (01252): Tianrui Group has received an assistance execution notice issued by the People's Court of Qianhai Cooperation Area in Shenzhen, Guangdong Province.

CHINA TIANRUI (01252) announces that the company has recently been informed by its controlling shareholder, Yu Kuo Co., Ltd. (Yu Kuo), that Tianrui Group Limited (Tianrui Group) has received a notification of assistance in execution from the Shenzhen Qianhai Cooperation Zone People's Court of Guangdong Province. The notification relates to the freezing of the equity of Tianrui Group (held by Li Liufa, who owns 70% and his spouse Li Feng Luan, who owns 30%). The details are as follows: The 70% equity of Tianrui Group held by Li Liufa (equivalent to RMB 1.4 billion in equity) and the 30% equity of Tianrui Group held by Li Feng Luan (equivalent to RMB 600 million in equity) have been frozen. The freeze period is three years, from July 10, 2025, to July 9, 2028. During this period, the shares of Tianrui Group cannot be transferred or pledged, and Tianrui Group cannot distribute any dividends to Li Liufa and Li Feng Luan. According to the Civil Procedure Law of the People's Republic of China and relevant laws and regulations, the court shall lift the freeze in the following circumstances: (1) providing sufficient court-approved guarantee; and/or (2) the debt has been fully repaid. As of the date of this announcement, Yu Kuo holds 1.748 billion shares of the company, accounting for approximately 56.69% of the total issued share capital of the company. Yu Kuo is wholly owned by Calais Co., Ltd., which is in turn wholly owned by Tianrui (International) Holdings Limited (Tianrui International). Tianrui International is wholly owned by Tianrui Group, which is owned by Li Liufa and Li Feng Luan holding 70% and 30% equity, respectively. The company believes that the freeze is related to a civil dispute between a third party and related individuals/entities and is not related to the company. It will not have a significant impact on the company's main business, nor will it affect the company's normal operation, corporate governance, and daily management. As of the date of this announcement, the company maintains normal operations.