ST Cuihua: Controlling shareholder Chen Siwei's 30,738,700 shares are temporarily frozen

NightAirdropper · 2026-03-28T03:38:26+00:00

According to Meiri AI Express, on March 26, ST Cuihua announced that 30,738,700 shares held by the company's controlling shareholder, Chen Siwei, have been placed under a waiting freeze, accounting for 100.00% of his holdings and 12.00% of the company's total share capital. The reason for the freeze is overdue bank loans, with Chen Siwei acting as a joint liability guarantor, and the creditor applying for legal preservation. This waiting freeze does not have a substantial impact on the company's production, operations, or governance, and currently will not lead to a change in control of the company.Daily Economic News

NightAirdropper

2026-03-28 03:38:26

Everyday AI News, March 26, ST Cuihua announced that the 30.7387 million shares held by the company’s controlling shareholder, Chen Siwei, have been subject to a pending freeze, accounting for 100.00% of his holdings and 12.00% of the company’s total equity. The reason for the freeze is overdue bank loans of the company, with Chen Siwei serving as a joint guarantor, leading creditors to apply for litigation preservation. This pending freeze matter has not had a substantial impact on the company’s production operations or governance, and will not currently result in a change of control of the company.

Daily Economic News

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