This report addresses the judicial freezing of all shares of Zhonghong Zhuoye Co., Ltd. as of November 7, 2018. The controlling shareholder, Zhonghong Zhuoye Group Co., Ltd., is under judicial scrutiny, impacting the rights of bondholders. Dongxing Securities Co., Ltd. serves as the trustee for the bonds issued to qualified investors in 2016, and this report highlights the associated risks for investors.
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Regarding the judicial freezing of all shares of Zhonghong Zhuoye Co., Ltd. by the Hainan Provincial High People's Court, Zhonghong Zhuoye is under judicial scrutiny as of November 7, 2018. The controlling shareholder, Zhonghong Zhuoye Group Co., Ltd. (hereinafter referred to as "Zhonghong Zhuoye"), has had its shares frozen again.
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