Some bank accounts of Hainan Ruize were frozen due to contract disputes

Recently, Hainan Ruize announced that the company inquired about bank accounts and learned that some bank accounts under the name of the company and its subsidiaries had been frozen and newly frozen.

The above bank accounts were frozen mainly because the Company and its subsidiaries had disputes over construction contracts and raw material sales contracts with related parties. The plaintiff of the relevant cases requested the court to take pre-litigation and litigation preservation measures to freeze the company's bank accounts, as well as to freeze the company's bank accounts during the execution stage of the case.

As of June 30, 2025, the total amount of frozen bank accounts of the company and its subsidiaries due to litigation was 6.5987 million yuan, accounting for 0.88% of the company's latest audited net assets. The above frozen bank accounts are non-major operating accounts, which do not have a substantial impact on the company's capital receipts and payments and normal business activities. Therefore, the freezing of the above bank accounts does not fall under Article 9.8.1 of the Rules Governing the Listing of Stocks on the Shenzhen Stock Exchange.