Zhonggong Education: Shareholder Li Yongxin's total shareholding in the company has been frozen again by the judiciary, accounting for 7.3% of the total shares.

date
29/07/2025
China Education announced that a portion of the company's shares held by shareholder Li Yongxin have been re-frozen by court order, with a total of 450,388,231 shares frozen, accounting for 50.78% of his holdings and 7.30% of the company's total share capital. The reason for Li Yongxin's re-freezing is mainly due to a dispute arising from his provision of guarantees for loans taken by a third party borrower to the executing party. Currently, the shareholder has not received the relevant legal documents regarding the re-freezing, and is in communication and negotiation with the relevant parties. This re-freezing of shares will not result in a change in the company's controlling interest and will not have a significant impact on the company's production, operation, or corporate governance.