The 100% shareholding of the couple Li Liufa in Tianrui Group has been frozen by the court.

China Tianrui Cement announced on the Hong Kong Stock Exchange on July 20 that it had received a notification from its controlling shareholder, Yuku Limited, that the 100% stake in Tianrui Group held by the couple Li Liufa has been judicially frozen by the People's Court of Shenzhen Qianhai Cooperation Zone. The freeze period is 3 years, from July 10, 2025 to July 9, 2028, during which time Tianrui Group's shares cannot be transferred or pledged, and Tianrui Group cannot distribute any dividends or profits to Li Liufa and his wife.