Sanan Optoelectronics disclosed in a recent notice that it had been informed by its indirect controlling shareholder, Sanan Group, about the successive judicial freezing of shares. Specifically, the shares held by Sanan Group and its controlling shareholder, Sanan Electronics, within the company, have been frozen in succession. This freeze encompasses a total of 1.377 billion shares, constituting 93.68% of their respective shareholdings and representing 27.60% of the company's total share capital. As of the announcement date, the cumulative number of shares that have been judicially frozen for Sanan Electronics and Sanan Group amounts to 1.470 billion shares. This figure accounts for 100% of their respective shareholdings and makes up 29.47% of the company's total share capital.

The company clarified that, at present, this situation has not significantly impacted its control rights or equity structure, and its production and operations continue as usual. Nevertheless, if not adequately resolved in the future, it could potentially affect the stability of control rights. Sanan Group is actively engaging in discussions with creditors, and the government has intervened to facilitate the coordination and resolution of debt-related issues.