Tianrui Cement: The freeze order against the share capital of Tianrui Group has been lifted immediately

2025-07-30 10:02:09

Pursuant to the Civil Ruling issued by the People's Court of Shenzhen Qianhai Cooperation Zone, Guangdong Province, the Freezing Order against the share capital of Tianrui Group, which is held as to 70% and 30% by Mr. Li and Ms. Li, respectively, with a corresponding share capital of RMB1.4 billion and RMB0.6 billion, respectively, has been released with immediate effect.

On July 30, China Tianrui Cement announced that the company was informed by Yu Kuo, the controlling shareholder of the company, that according to the civil ruling issued by the People's Court of Qianhai Cooperation Zone in Shenzhen, Guangdong Province. The Freezing Orders in respect of the share capital of Tianrui Group (held as to 70% and 30% by Mr. Li and Ms. Li, respectively, with a corresponding share capital of RMB1.4 billion and RMB0.6 billion, respectively) have been released with immediate effect.

Earlier, China Tianrui Cement announced that 70% of Tianrui Group's share capital (equivalent to 1.4 billion yuan) held by Li Liufa and 30% of Tianrui Group's share capital (equivalent to 600 million yuan) held by Li Fengxuan were frozen. The freeze period is three years, from 10 July 2025 to 9 July 2028, during which the shares of Tianrui Group shall not be transferred or pledged, and Tianrui Group shall not distribute any dividends or bonuses to Li Liufa and Li Fengxuan.

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Tianrui Cement: The freeze order against the share capital of Tianrui Group has been lifted immediately

Pursuant to the Civil Ruling issued by the People's Court of Shenzhen Qianhai Cooperation Zone, Guangdong Province, the Freezing Order against the share capital of Tianrui Group, which is held as to 70% and 30% by Mr. Li and Ms. Li, respectively, with a corresponding share capital of RMB1.4 billion and RMB0.6 billion, respectively, has been released with immediate effect.

2025-07-30 10:02:09

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