The Hong Kong Securities and Futures Commission is seeking a court order to freeze the assets of individuals suspected of manipulating the shares of Smartech up to a total of 82.4 million Hong Kong dollars.

On September 12, the Securities and Futures Commission of Hong Kong announced that it had applied to the original court for an asset freeze order, with the assets to be used for compensating investors affected by a market manipulation case. The application had its first hearing on September 12. The court ordered the evidence to be submitted for storage and postponed the hearing to October 24, 2025. The above action is part of a legal procedure initiated by the Securities and Futures Commission of Hong Kong against the former chairman and non-executive director of Ding Yi Feng Holdings Group International Limited (now renamed DING YI FENG, stock code 00612), 28 other suspects, and a corporate entity, for allegedly manipulating the shares of HUANQIUZHINENGKONGGU Limited between October 31, 2018 and March 11, 2019. In the legal procedure, the Securities and Futures Commission of Hong Kong sought multiple orders from the court under section 213 of the Securities and Futures Ordinance, including an order for the counterparties affected by the alleged market manipulation case to provide information on their positions prior to entering into transactions, and an order to prohibit the disposal of assets of 14 defendants (up to a total of HK$82.4 million).