ST Longyuan: Controlling shareholder Lai Zhenyuan's 114 million shares have been judicially frozen.

Notice from ST Longyuan, the controlling shareholder of the company, Lai Zhenyuan, had 114 million shares frozen by the court. The freeze started on May 21, 2026, and will last until May 20, 2029. The applicant for the freeze is the People's Court of Huli District, Xiamen, Fujian Province. The reason for the freeze is related to a debt principal and interest of approximately 61.40 million yuan. As of the date of the announcement, Lai Zhenyuan held 254 million shares of the company, accounting for 16.61% of the total shares. Accumulatively, 234 million shares have been frozen by the court, accounting for 15.27% of the total shares. The controlling shareholder family collectively holds 363 million shares, accounting for 23.74% of the total shares, with 284 million shares being frozen, accounting for 22.37% of the total shares. This freeze will not have a significant impact on the company's control rights or equity structure, but it does pose a risk to the stability of control rights.