ST QW SOLAR: Shares of the controlling shareholder's concerted action party have been judicially frozen

ST QW SOLAR announced that some shares held by Guangdong Guoli Technology Holdings Co., Ltd., a concerted actor of the company's controlling shareholder, Quanwei Green Energy Investment Co., Ltd., have been judicially frozen. Guangdong Guoli holds 19.2024 million shares of ST QW SOLAR, of which 5.3324 million shares are frozen, accounting for 27.77% of its holdings and 3.33% of the company's total share capital. In addition, 13.87 million shares held by Guangdong Guoli are not frozen, accounting for 72.27% of its holdings and 8.67% of the company's total share capital. This judicial freeze will not lead to a change in the company's control, but there is a risk of being required to supplement pledges, close positions, or be forcibly transferred