Sanan Optoelectronics: 466 million shares held by the controlling shareholder are temporarily frozen.

Sanan Optoelectronics announced that on May 14th, it received a notification from its controlling shareholder, Sanan Electronics, stating that its 4.66 billion shares have been provisionally frozen by the Xiamen Intermediate People's Court, with the freezing starting from May 13th. As of May 13th, Sanan Electronics and Sanan Group have had a total of 13.87 billion shares frozen by judicial order, representing 100% of their holdings and 27.79% of the total share capital of the company. This provisional freeze is related to a case involving Sanan Electronics and Tibet Trust executing notarized debt instruments, and is not expected to have a significant impact on the control of the company at this time. However, if not resolved properly, there is a risk of affecting the stability of control rights.