Eastern Wisdom Manufacturing: Part of the shares held by the controlling shareholder have been frozen, affecting the change of control.
Dongfang Innovation announced that a portion of the shares held by its controlling shareholder, Kexiang High-Tech, have been judicially frozen and re-frozen, with a total of 53.210042 million shares frozen, accounting for 21.70% of its holdings, and 4.17% of the total share capital of the company. The freeze period is from January 13, 2026, to January 12, 2029. The reason is that Kexiang High-Tech provided third-party guarantees leading to pre-litigation preservation of assets, and is currently in communication with related parties to resolve the issue. In addition, Kexiang High-Tech has pledged a total of 224 million shares, representing over 80% of its holdings in the company. This freeze may have a certain impact on changes in control of the company, which is still uncertain.
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