Shanghai Gu'ao Electronic Technology Co., Ltd.
Announcement on Partial Lifting of Judicial Freeze and Effectiveness of Successive Freeze on Shares of Shareholders Holding 5% or More
The Company and the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed herein, and are not aware of any false representations, misleading statements, or material omissions.
Special Risk Warning:
Mr. Chen Chongjun, a shareholder holding more than 5% of the Company's shares, is an acting party with Mr. Xu Yinghui, the actual controller. As of the disclosure date of this announcement, the actual controller and his concerted parties collectively hold 79,292,462 shares of the Company. The cumulative pledged shares are 64,892,930 shares, accounting for 81.84% of their holdings and 19.08% of the Company's latest total share capital. The cumulative judicially frozen shares are 63,993,537 shares, accounting for 80.71% of their holdings and 18.82% of the Company's latest total share capital. The cumulative judicially successively frozen shares are 216,098,597 shares.
I. Basic Situation of Partial Lifting of Judicial Freeze and Effectiveness of Successive Freeze on Shares of Shareholders