ASIA CUANON: In discussions on forums such as stock bars, some investors mentioned that the company's wholly-owned subsidiary "YunYuanGuang Technology Co., Ltd." has not yet commenced substantive operations and will not contribute value to the company's revenue or profits in the short term

ASIA CUANON's subsidiary involved in note disputes, with multiple lawsuits exceeding 100 million

ASIA CUANON Technology Co., Ltd. announced that its controlling subsidiary, ASIA Supply Chain Management Co., Ltd., is involved in a bill dispute, and the People's Court of Qingpu District, Shanghai has accepted the relevant case, with an amount involved of 101,835.37 yuan plus interest. Since the last announcement, the total new litigation amount for the company and its subsidiaries has reached 136,304,630.14 yuan, with some cases having reached mediation but the court mediation documents have not yet been received. The company reminds investors to pay attention to risks

The controlling shareholder of ASIA CUANON has 37.845 million shares judicially frozen

ASIA CUANON Technology Co., Ltd. announced that 37,845,000 shares held by its controlling shareholder's concerted actor, Shanghai Runhe Tongze Investment Co., Ltd., have been judicially frozen, with the freeze period from September 1, 2025, to August 28, 2028. The reason for the freeze is loan default, and the frozen shares account for 88.11% of their holdings and 46.88% of the company's total share capital. This matter will not lead to a change in the company's control and will not affect the company's production and operations

ASIA CUANON has established a new building materials technology company in Guangzhou

According to the Qichacha APP, recently, ASIA CUANON Building Materials Technology Co., Ltd. was established with a registered capital of 10 million yuan. The business scope includes: technical services, technical development, technical consulting, technical exchanges, technology transfer, and technology promotion. Qichacha's equity penetration shows that the company is wholly owned by ASIA CUANON

ASIA CUANON and others invest to establish a building materials technology company

According to the Qichacha APP, recently, Asia Cuanon Mud Building Materials Technology Co., Ltd. was established, with Chen Tao as the legal representative and a registered capital of 500,000 yuan. The business scope includes: sales of building materials; sales of machinery and equipment; manufacturing of lightweight building materials; manufacturing of cement products; sales of fertilizers, etc. Qichacha's equity penetration shows that the company is jointly held by Asia Cuanon and Asia Auxiliary Materials Building Technology Co., Ltd