LONGDA: 0.70% of the shares held by the controlling shareholder Lanrun Development have been judicially frozen

LONGDA announced that the 7,513,400 shares held by its controlling shareholder, Lanrun Development Holding Group Co., Ltd., have been judicially frozen by the People's Court of Shizhong District, Jinan City, accounting for 2.56% of the shares held and 0.70% of the company's total share capital. As of the announcement date, Lanrun Development has a total of 7,513,400 frozen shares, accounting for 2.56% of the shares held and 0.70% of the company's total share capital. Lanrun Development is actively working to resolve the judicial freeze, but the possibility of being enforced by the court in the future cannot be ruled out. This freeze will not lead to a change in the actual control of the company and will not adversely affect the company's production, operation, and governance