Shengxiang Biology: Some of the shares held by shareholders holding more than 5% of the shares are planned to be frozen by the court and enforced.
Saint Xiang Biology announced that it has recently received a court notice stating that Chen Wenyi, a shareholder holding more than 5% of the company's shares, is planning to have some of the company's shares held by him judicially frozen and enforced. Chen Wenyi holds 32.9174 million shares of the company, accounting for 5.68% of the total share capital. The court plans to judicially freeze 20.72 million unrestricted tradable shares held under his name, and allow the applicant to sell no more than 4 million shares in batches through the secondary market at a specified price, with the divestment deadline no later than June 20, 2026. After the enforcement, Chen Wenyi's shareholding will decrease to 28.9174 million shares, accounting for 4.99%. This matter does not affect the company's control rights and daily operations.
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