Century Hengtong Controlling Shareholder Yang Xinghai's 11.33 Million Shares Judicially Frozen, Accounting for 11.48% of Total Share Capital

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【Financial Network News】On March 18, Century Hengtong Technology Co., Ltd. (Stock Code: 301428, Stock Abbreviation: Century Hengtong) announced that some of the company’s shares held by the controlling shareholder, actual controller, and chairman Yang Xinghai have been judicially frozen.

The announcement shows that the number of shares frozen by Yang Xinghai this time is 11.33 million shares, accounting for 32.81% of his personal holdings and 11.48% of the company’s total share capital. These shares are restricted pre-issuance shares, with the freezing starting date on March 17, 2026, and the unfreezing date on March 16, 2029. The judicial freezing is executed by the Shenzhen Futian District People’s Court.

As of the date of this announcement, Mr. Yang Xinghai holds a total of 34.53 million shares of Century Hengtong, accounting for 35.00% of the company’s total share capital. After this share freeze, the total frozen shares amount to 11.33 million, representing 32.81% of his holdings and 11.48% of the company’s total share capital.

Regarding the reason for the share freeze, Century Hengtong stated in the announcement that, upon inquiry with Mr. Yang Xinghai, the freeze is mainly due to a divorce dispute between him and his spouse. The company emphasizes that this matter has no significant impact on the company’s daily operations and currently does not affect the company’s control rights.

The announcement also notes that, as of now, Mr. Yang Xinghai has not received any written materials or legal documents from the Shenzhen Futian District People’s Court regarding the judicial freeze of the shares. Aside from the data provided by China Securities Depository and Clearing Corporation Limited Shenzhen Branch system, neither the company nor the aforementioned shareholder has received any legal documents or notices related to the judicial freeze.

The board of Century Hengtong stated that it will actively monitor the progress of the above matter and urge relevant shareholders to fulfill their disclosure obligations in accordance with relevant laws and regulations in a timely manner. The company will also strictly comply with legal and regulatory requirements to ensure timely disclosure of relevant information. Investors are advised to invest rationally and be aware of risks.

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Editor: Xiao Lang Kuai Bao