Xilinmen: The controlling shareholder and its concerted actors have 129.7146 million shares frozen pending investigation.

Joyoung announced that recently, the company's controlling shareholder Huayi Intelligent Manufacturing, the actual controller Chen Ayu, and their concerted action person Huahan Investment had their shares in the company frozen. The total number of shares frozen this time is 129.7146 million shares, accounting for 96.87% of their total shares, and 35.22% of the company's total share capital, with a debt amount of 560 million yuan. As of the disclosure date of the announcement, the total frozen and queued frozen shares of the controlling shareholder and their concerted action person totaled 129.7146 million shares. Relevant parties are involved in three lawsuits due to debt issues, with a total amount of 799 million yuan, all of which have not been brought to court. The controlling shareholder and their related parties have non-operational fund occupation and illegal guarantee situations, and the company has filed a lawsuit and applied for property preservation.