Bicreate Technology and its wholly owned subsidiary Wuxi Bicreate Sensing Technology had 12.0203 million yuan frozen in their bank accounts, of which 4.0203 million yuan was frozen in the company's basic account and 8 million yuan was frozen in Wuxi Bicreate's basic account. The freeze stems from applicant Beijing Zhuchuang Technology applying to the court for property preservation on the grounds of a contract dispute. The frozen amount accounts for 1.16% of the company's most recent audited net assets and 2.77% of its most recent audited monetary funds. The company said that apart from the frozen funds mentioned above, all other bank accounts can be used normally, and the matter has not had a material impact on normal operations or management. The contract dispute case has not yet been formally heard. More than three months earlier, 112,490 shares held by the company's controlling shareholder and actual controller Dai Xiaoning were judicially frozen by the same court. The company's net profit attributable to the parent for 2025 was negative 110 million yuan, marking a second consecutive year of losses, with cumulative losses over the two years exceeding 250 million yuan.
Beijing Beetech IncFunds frozen due to contract dispute and court order
Subsidiary's funds frozen due to contract dispute
