Zhuyе, the controlling shareholder of Shijing Technology, had 20.6 million shares judicially frozen again, with cumulative freezing ratio reaching 97.8%

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【Financial Network News】Suzhou Shijing Technology Co., Ltd. (Stock Code: 301030, Stock Abbreviation: Shijing Technology) announced on March 12th that some shares held by the company’s controlling shareholder and actual controller, Ms. Zhu Ye, have been re-frozen by judicial authorities, involving 20.6 million shares, accounting for 65.09% of her personal holdings and 10.18% of the company’s total share capital.

The announcement shows that the judicial executor for this freeze is the Suzhou Xincheng District People’s Court, with the freeze starting on March 10, 2026, and ending on March 9, 2029. Notably, all 20.6 million shares re-frozen are pledged shares.

Total frozen shares: 20,600,000, representing 65.09% of her holdings and 10.18% of the company’s total share capital.

From the cumulative freeze situation, Ms. Zhu currently holds 31.6468 million shares, accounting for 15.64% of the total shares. Of these, 30.95 million shares have been frozen, which is 97.80% of her holdings, representing 15.29% of the total share capital. Her concerted action partners, Ye Xiaohong and Dong Shihong, currently have no frozen shares.

The announcement discloses that this freeze is related to a notarized debt enforcement case involving Ms. Zhu and her concerted action partners with Shandong International Trust Co., Ltd. It is reported that Ms. Zhu and her concerted action partners have recently experienced large overdue amounts with Shandong International Trust, and due to non-fulfillment of obligations specified in legal documents, their shares have been re-frozen by judicial authorities. As of the date of the announcement, the company and related parties have not received the enforcement certificate and there are no credit rating downgrades for the subject or debt items.

Shijing Technology emphasizes in the announcement that Ms. Zhu and her concerted action partners do not have any non-operational capital occupation, illegal guarantees, or other acts harming the interests of the listed company. The current re-freezing of shares will not lead to a change in control of the company, nor will it have a substantial impact on the company’s production, operation, or governance, and it does not involve performance compensation obligations. The company will continue to monitor the situation and fulfill its information disclosure obligations in a timely manner.

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