---
title: "YHDZ: Subsidiary's deposit of 220 million yuan continues to be frozen until October 22, 2026"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/285511970.md"
description: "YHDZ announced that its wholly-owned subsidiary, Tongzhi Electromechanical, has been sentenced for the crime of unit bribery, and its bank deposits of 220 million yuan will remain frozen until October 22, 2026. This amount accounts for 9.94% of the company's most recent audited net assets and has been recognized as a provision for liabilities. The continued freeze will not have a loss impact on the company for the current and future periods, but it will negatively affect the daily operations and cash flow of Tongzhi Electromechanical. The company will strengthen financial management and risk prevention"
datetime: "2026-05-07T08:33:19.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/285511970.md)
  - [en](https://longbridge.com/en/news/285511970.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/285511970.md)
---

# YHDZ: Subsidiary's deposit of 220 million yuan continues to be frozen until October 22, 2026

YHDZ announced that its wholly-owned subsidiary Tongzhi Electromechanical's former legal representative Zhang Hong and Tongzhi Electromechanical have been sentenced for the crime of unit bribery, and the company will not appeal, with the judgment taking effect. Previously, Tongzhi Electromechanical's 220 million yuan bank structured deposits were frozen, and after the expiration of the continued freezing period, they have been frozen again until October 22, 2026, with no clear pre-approval conditions for unfreezing. This amount accounts for 9.94% of the company's most recent audited net assets, and a provision for expected liabilities has been recognized. This continued freezing will not have a loss impact on the current and future periods, but it will negatively affect Tongzhi Electromechanical's daily operations and capital turnover. The company will communicate and negotiate for unfreezing and strengthen financial management and risk prevention

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