Special Risk Warning
- Tengbang International Commercial Services Group Co., Ltd. (hereinafter referred to as "the Company" or "Tengbang International") received a judicial ruling from the Nanning Intermediate People's Court of Guangxi Zhuang Autonomous Region (hereinafter referred to as "Nanning Intermediate Court") on May 24, 2022, regarding a pledge dispute with Guohai Securities Co., Ltd. (hereinafter referred to as "Guohai Securities"). The court ruled that Tengbang Group Co., Ltd. (hereinafter referred to as "Tengbang Group") must comply with the enforcement of a previous civil judgment. The court ordered the forced sale of 8,783,783 shares, 7,820,000 shares, and 13,330,000 shares of "Tengbang International" stock (abbreviated as "*ST Tengbang", stock code: 300178), accounting for 4.86% of the company's total share capital. The Company will continue to monitor the progress of this matter and fulfill its information disclosure obligations in accordance with relevant regulations, urging investors to invest rationally and be aware of investment risks.
- As of the date of this announcement, Tengbang Group holds 107,562,023 shares of the Company, accounting for 17.45% of the total share capital. Among these, 98,906,798 shares are pledged, accounting for 91.95% of the shares held by Tengbang Group and 16.04% of the total share capital; 107,562,023 shares are under judicial freeze, accounting for 100% of the shares held by Tengbang Group and 17.45% of the total share capital; and 3,020,692,081 shares are under provisional freeze, accounting for 2,808.33% of the shares held by Tengbang Group and 489.97% of the total share capital. There is significant uncertainty regarding whether the control of the Company will change, and investors are urged to invest rationally and be aware of investment risks.
Basic Situation of Judicial Disposal of Shares Held by Shareholders
The Company and all members of the Board of Directors guarantee that the content of this announcement is true, accurate, and complete, with no false records, misleading statements, or major omissions.