Hunan Lingpai Technology Group Co., Ltd. (hereinafter referred to as "the Company") recently learned through the Shenzhen branch of China Securities Depository and Clearing Co., Ltd. that part of the shares held by Mr. Cai Zhihua, a shareholder with over 5% stake in the Company, have been judicially frozen. The specific details are as follows:
1. Basic Situation of the Frozen Shares
- Shareholding status before the freezing: | Shareholder Name | Controlling Shareholder | Number of Shares Held (shares) | Percentage of Total Share Capital | Source of Shares | Any Reduction or Other Rights Restrictions | |------------------|------------------------|--------------------------------|----------------------------------|------------------|------------------------------------------| | Cai Zhihua | No | 53,507,690 | 31.12% | Pre-IPO shares and capital reserve conversion | Not applicable |