Dezhang Health: 130 million shares held by shareholders with over 5% ownership have been judicially frozen.
Dezhanzhen Health announced that it recently received a notification from its shareholder Chen Zhiwenlong, who holds more than 5% of the shares, regarding the freezing of his shares. His 130 million shares were judicially frozen by the Shanghai Second Intermediate People's Court on August 6, 2026, representing 100% of his holdings and accounting for 6.18% of the companys total share capital. The freezing period is set to last until August 5, 2029. Chen Zhiwenlong is not a controlling shareholder or actual controller, and this freezing has no impact on the companys daily operations and management.
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