Longtu light hood: Some bank accounts of the wholly-owned subsidiary were frozen, involving nearly 20 million yuan.

Longtu Light Shield announced that some bank accounts of its wholly-owned subsidiary Zhuhai Longtu have been frozen. The reason is a dispute over the final settlement of the construction contract with the general contractor of the project, who has applied for property preservation. The frozen funds amount to 19.766 million yuan, accounting for 1.64% of the company's recently audited net assets, 38.30% of the monetary funds, and 3.65% of the current assets. The frozen funds involved in the special account for fundraising projects are close to completion, and the frozen funds account for a small portion of the remaining final payment. It is expected that there will not be a significant adverse impact on the normal operations of the company and the implementation of the fundraising projects. The company will handle the related litigation matters according to the law.