002502SZSE

Progress Announcement on the Freezing of Equity in the Company's Controlling Subsidiary

ST Dinglong Co., Ltd.··2 pages

✨ AI Summary

This announcement informs stakeholders about the recent developments regarding the freezing of 51% equity in Yunnan Zhongtai Technology Co., Ltd., a controlling subsidiary of Dinglong Culture Co., Ltd. The freezing was initiated due to a loan default by a subsidiary, with a current frozen equity value of approximately RMB 2,551.02 million. The company is actively working to resolve the issue and has not yet seen an impact on its operations.

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Full Translation

AI Translation· azure_openai

Dinglong Culture Co., Ltd. (hereinafter referred to as "the Company") and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, with no false records, misleading statements, or significant omissions.

The 51% equity held by the Company in its controlling subsidiary Yunnan Zhongtai Technology Co., Ltd. (hereinafter referred to as "Zhongtai Technology") was previously frozen by court enforcement. Recently, the Company learned from the National Enterprise Credit Information Publicity System that there has been a change in the status of the equity freeze, and hereby announces the relevant situation as follows:

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