Zhonghong Holdings Co., Ltd. (hereinafter referred to as "the Company" or "Zhonghong Holdings") and all members of the Board of Directors guarantee that the content of this announcement is consistent with the information provided by the information disclosure obligor. Recently, Zhonghong Holdings received an email forwarded by its controlling shareholder, Zhonghong Zhuoye Group Co., Ltd. (hereinafter referred to as "Zhonghong Zhuoye"), containing the "Notice of Client Asset Management Stock Pledge Repurchase Business (No.: YW-GPZY-207-000979-9)" from Guoyuan Securities Co., Ltd. and related attachments. The relevant situation is announced as follows:
000979SZSE
Announcement on Judicial Enforcement of Shares Held by Controlling Shareholder
✨ AI Summary
This announcement informs that the controlling shareholder, Zhonghong Zhuoye Group Co., Ltd., is subject to judicial enforcement regarding 142,842,000 shares of Zhonghong Holdings. The shares are to be sold due to a default in a stock pledge repurchase agreement with Guoyuan Securities. The sale will occur through various methods, including centralized bidding and block trading, within six months following the announcement.
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